Tax breaks for new entrants?
#1
Tax breaks for new entrants?
Hi there
someone mentioned to me the other day that new entrants into the US with a working status get a tax break in their first year and pay only 6/7 %... is this true? if so does anyone know where I might find the official info?
someone mentioned to me the other day that new entrants into the US with a working status get a tax break in their first year and pay only 6/7 %... is this true? if so does anyone know where I might find the official info?
#3
Re: Tax breaks for new entrants?
Originally posted by USBound
Hi there
someone mentioned to me the other day that new entrants into the US with a working status get a tax break in their first year and pay only 6/7 %... is this true? if so does anyone know where I might find the official info?
Hi there
someone mentioned to me the other day that new entrants into the US with a working status get a tax break in their first year and pay only 6/7 %... is this true? if so does anyone know where I might find the official info?
too good to be true.
with tax loopholes, anything is possible. i'll follow it up with E & Y during my next consultation.
#4
Re: Tax breaks for new entrants?
Originally posted by USBound
Hi there
someone mentioned to me the other day that new entrants into the US with a working status get a tax break in their first year and pay only 6/7 %... is this true? if so does anyone know where I might find the official info?
Hi there
someone mentioned to me the other day that new entrants into the US with a working status get a tax break in their first year and pay only 6/7 %... is this true? if so does anyone know where I might find the official info?
We came over last August and my husband got more tax back than he has paid in - we were able to claim for the moving expenses etc - and we got it paid into our Bank account within 2 weeks of filing the forms! We paid $100 to a company who had a desk in Walmart for a while to help us with the fomrs and it was well worth paying !
#5
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
not a tax break like you say per se, BUT you can claim moving expenses if you moved to the us for a work related issue
things you can claim on your return
flight to the usa
shipping/storage of belongings
etc
check out www.irs.gov
things you can claim on your return
flight to the usa
shipping/storage of belongings
etc
check out www.irs.gov
#6
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
not a tax break like you say per se, BUT you can claim moving expenses if you moved to the us for a work related issue
things you can claim on your return
flight to the usa
shipping/storage of belongings
etc
check out www.irs.gov
things you can claim on your return
flight to the usa
shipping/storage of belongings
etc
check out www.irs.gov
#7
Originally posted by BritGuyTN
not a tax break like you say per se, BUT you can claim moving expenses if you moved to the us for a work related issue
things you can claim on your return
flight to the usa
shipping/storage of belongings
etc
check out www.irs.gov
not a tax break like you say per se, BUT you can claim moving expenses if you moved to the us for a work related issue
things you can claim on your return
flight to the usa
shipping/storage of belongings
etc
check out www.irs.gov
you still pay the social security and medicare tax for relocation expenses.
#8
Re: Tax breaks for new entrants?
Originally posted by Jan in Arizona
We came over last August and my husband got more tax back than he has paid in - ....
We came over last August and my husband got more tax back than he has paid in - ....
#9
Re: Tax breaks for new entrants?
Originally posted by dunroving
huh? You mean the IRS paid you more than you paid them? Doesn't seem possible. I know you can get a huge tax break on relocation expenses, etc., but I'd have thought the most you'd get back is the amount you paid.
huh? You mean the IRS paid you more than you paid them? Doesn't seem possible. I know you can get a huge tax break on relocation expenses, etc., but I'd have thought the most you'd get back is the amount you paid.
#10
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
thats the same kind of positive experience i had with the IRS - i did mine online and it cost 10-15 bucks - refund in a couple of weeks
unfortunately it didn't quite come near to paying my federal tax bill!
unfortunately it didn't quite come near to paying my federal tax bill!