What is Lifetime Learning Credit?

Lifetime Learning Credit 2018: Every day we receive many calls regarding the information on LLC-Lifetime learning credit,we have understood the tax payers curiosity in knowing the information for this we have mentioned relevant required information below which will help our clients and taxpayers have clear understanding about the education credit is also called LLC which is […]

Amendment Tax Return

Amendment Tax Return : Non-Residents (Students who are in the USA on F1) or Resident aliens or Citizens can go for Amendment tax return. Amendment of any filed tax returns or last three years filed tax returns will help taxpayers to get their lost credits, deductions, exemptions on their tax returns which can help them […]

What is FBAR | FBAR Filing Guide, Deadline & Penalties

FBAR- Foreign Bank Account Reporting Most of the United States tax payers are not aware of FBAR Filing, which is very much mandatory to report. Since April 2013 FinCEN(Financial Crimes Enforcement Network) which is a bureau of Department of Treasury entitled to keenly analyse the foreign bank account transitions in order to contain international money […]

American Opportunity Tax Credit (AOTC) 2018

The American Opportunity Tax Credit (AOTC) is a financial assistance to children or for taxpayers to pursue Post-secondary education. AOTC permits taxpayers to reduce income taxes up to $2500 for each eligible student. IRS allows students who are on H1B, GC, GC EAD, Citizens and Resident Aliens to claim American Opportunity Credit or Lifetime Learning […]

Can I File Head of Household Filing Status?

What is head of household filing status (HOH)? Head of Household (HOH) is a filing status chosen on tax returns to get standard deduction of $18000 for tax year 2018. A taxpayer can choose to file head of household filing status if married or unmarried, but should be taking care of the home or qualified person’s […]