An analysis of tax problems after immigrating to the United States

Article 1 Tax issues after immigrating to the United States

First of all, don't file tax returns

Some people don't have enough income, so they don't have to file federal tax returns, but they may miss out on the tax refund or tax credit they could have obtained. The tax refund that people didn't receive because they didn't file tax returns was about 654.38 billion yuan. People who lose their jobs and receive unemployment benefits should also file tax returns, because some people do not ask for withholding taxes on unemployment benefits, and as a result, they may owe taxes and get into trouble.

Second, I miss the new tax incentives enjoyed by military families.

Each eligible person can declare 500 yuan tax credit at most; The dependents may be children, relatives above 17, or non-relatives who have lived with you for a whole year; Their income last year was definitely less than 4 150 yuan, and more than half of their financial needs were provided by taxpayers.

3. Do not provide all tax return documents.

Be sure to attach the W-2 form provided by each employer, the 1099 form showing other income, and the documents to declare certain tax credits or deductions; To declare the opportunity tax credit in the United States, you need to attach tuition documents, and each student can deduct up to 2500 yuan in the first four years of college.

Fourth, choose the wrong tax return status.

Single parents may choose to be parents rather than single when filing tax returns, because the standard deduction for parents is larger and the regular tax rate is lower. Divorced or divorced spouses usually file tax returns together as husband and wife, not as married couples, so as not to lose some tax credits and deductions.

5. Pay someone to file tax returns

People with simple tax situation do not need to go to an accountant to file tax returns, including using standard deduction, income in W-2 form instead of 1099 form, declaring labor income tax credit or child tax credit, and limited interest and dividend income.

6. Undeclared income tax deduction benefits

This tax relief is of great benefit to the middle and lower classes, but almost a quarter of taxpayers missed this benefit, reaching 643 1 yuan last year.

Further reading: American investment immigration application strategy

1. Rationality of the business plan, including market research, whether solving the employment number involves disputes, and whether the vitality of the project can really meet the long-term progress.

2. The structure of limited partnership company, the rights and restrictions between investors and general partners.

3. Investment method, defining creditor's rights or equity relationship, whether collateral is real mortgage under creditor's rights relationship, and whether the value of collateral can truly cover investment funds; Recently, there are few projects in the ownership structure, but once they appear, we should pay more attention to the rights and responsibilities in the ownership structure.

4. The real situation of the developer. If it is a developer, is it operated by a subsidiary? If yes, there are several subsidiaries, which is a common "shell company" protection scheme.

5. Bank loans, if any, will reduce the repayment order of investors, and more attention should be paid to the profitability and liquidity or mortgage ability of the project. At the same time, we need to pay attention to the order of bank loans and EB-5 in place to prevent EB-5 funds from becoming the guarantee of bank loans.

6. Government support, text or video support is very common and basically useless; Whether the tax subsidy is based on the start of the project operation; If there is direct government investment, it is necessary to clarify the relationship with the project. The more beautiful things are, the more things may be hidden.

7. Conditions for issuing investment funds in the supervision account. At present, due to the long construction period, most projects still use direct project loans, or a small amount of funds are deposited in supervision accounts. This is a problem, but there is no way.

8. Considering the rationality of project financing from a macro perspective, it is not reasonable to use EB-5 funds if the funding gap of a large project is not large. Now is not the time to rush to emigrate. Investors are more cautious, projects are more optional, and financing is more difficult than before. Therefore, it is necessary for everyone to measure whether the theory that EB-5 funds account for a small proportion of total investment is reliable.