Filing a federal US tax return
Tax Wizard offers you the preparation and submission of a federal tax return in the form of a Full-service program.
What is the full-service program?
We will prepare a tax return calculation for you - absolutely FREE. If, after the preliminary calculation, you decide that you want to use our services, we will prepare and then submit your federal tax return to the appropriate US tax office.
Tax reform 2017
After the tax return has been processed by the tax office, you will receive a tax refund directly to your American bank account (or Wise account). If you have tax arrears, we will provide you with precise instructions on how to pay the arrears.
If necessary, we will handle all communication with the federal tax office for you. Most often, this involves identity verification, which is a common practice by the IRS to ensure you don't become a victim of fraud.
You may have noticed that in 2017 a major tax reform was approved in the US. It affected not only US citizens but also WaT students who travel to the US every year. The main change, which unfortunately negatively influenced foreign students, was the cancellation of the $ 4,050 deductible item. This deductible item reduced the tax base, which resulted in a lower tax liability and higher tax refunds. At present, the only possible deductible item for non-resident tax returns is the amount of state and local taxes paid.
You can read more about tax reform on our blog HERE.
As a result of US tax reform, federal tax refunds are now minimal, and even more so unless your employer deducts at least 10% from your wage, tax arrears even arise.
You can read more about how to calculate federal taxes on our blog HERE.
Is filing a US tax return mandatory?
Yes, under US tax law, it is a duty to file a federal tax return for any person who has any income in the US.
What do you need to file a US federal tax return?
W-2 form - this is a form that your employer is required to submit to you no later than January 31st last year. This form contains all summary information about your wages, taxes paid, etc. If you cannot access the W-2 form, eg. if your employer does not communicate with you, the last paycheck from your employer can serve as a replacement. However, we recommend that you do everything possible to receive your W-2 form. The tax office may refuse the paycheck as proof of your income and taxes paid.
Social Security Number - a 9-digit number that you receive from US authorities when you work in the US. Without a valid SSN, filing a tax return is impossible.
When is it necessary to file a tax return?
The US tax return deadline is April 15th of the following calendar year. If you have an outstanding balance in your taxes, you must meet this deadline because, after April 15th, the tax office will start to charge for late filing and late payment.
How long does it take to get an overpayment?
The federal tax surplus is usually refunded within 4-12 weeks. In certain cases, if the tax authority chooses a specific tax return for a random audit, this period may be extended.
Filing a federal tax return
Filing of the state tax return
The price list is valid as of January 1, 2022. The prices are shown without VAT and are final for the consumer.
We are not VAT payers.