Amendment Tax Returns

Amendment Tax Returns : Non-Residents (Students who are in the USA on F1) or Resident aliens or Citizens can go for Amendment tax returns. 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 […]

Earned Income Tax Credit (EIC) 2019

Earned Income Tax Credit, is known by EITC or EIC is a tax benefit for the people who are working in the United States of America with low income. The taxpayer needs to meet certain criteria to be eligible for EIC since it reduces your tax or may even give you a refund since it […]

How to File Out W4? Step by Step Guide to File W4 Form

What is W4 Form? Form W4 is issued by the IRS to the taxpayers, to mention their allowances details with their respective employers for the exact tax withholding from their paychecks for Federal and State Revenue Departments. We crescent tax filing would take this as a pleasure opportunity, and feel more responsible to educate and […]

American Opportunity Tax Credit (AOTC) 2018

American Opportunity Tax Credit 2018: (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 Credit […]

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 […]