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#3
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| While several people may find doing their own taxes worthwhile, I would suggest that this would be a case that hiring a specialist would be financially better. The variety of situations that are occurring and the lack of knowledge generally suggest this is a case where an specialist is better. After two years, you will find the tax complexity will be reduced and using software or doing oneself would be cheaper. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| Paul Thomas, CPA <paulthomascpapc[at]bellsouth.net> wrote: - quote - > "pallav" <pallavgupta[at]gmail.com> wrote
Most of the complications are caused by tax simplification.> > The US tax system is too complicated. > Most all the complications are caused by deductions > and exemptions from income, or for tax credits. Dick -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| "pallav" <pallavgupta[at]gmail.com> wrote - quote - > I am preparing my tax return. I have two questions. I am an > international person and I just started working in the US. > 1. My employer sponsored me for the H1 visa. They paid all the > application fees. However, when it did get approved by INS (USCIS) I > traveled to Canada to get the visa stamp. However, I incurred about > $3500.00 of travel expenses related to my visa stamp (since the US > consulate did some background checks and I was stuck there for 3 > weeks). Since this stamp is for being able to work in the USA > (employer-related), would it qualify as a tax-deductible? > 2. I have also paid legal fees of about $7000 (lawyer feels + > application filing fees) to a lawyer for employer-sponsored permanent > residency (green card) for the US. Would this qualify as a tax- > deductible event? > I am using Turbo Tax where it says, "eligible expenses include court/ > attorney fees related to either doing or keeping your job" are > deductible. The expenses you incured are to ~~~~obtain~~~~ employment in the US. Non-deductible. There's a very hard line drawn on that difference. - quote - > I think I have a case for the above since I would not be > authorized to work legally in the US without the above > but I am not sure. Can someone please advise. There you have it. It's clearly an expense incured to obtain the job - not deductible. - quote - > The US tax system is too complicated. Most all the complications are caused by deductions and exemptions from income, or for tax credits. -- Paul A. Thomas, CPA Athens, Georgia -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| On Jan 21, 6:24*am, pallav <pallavgu...[at]gmail.com> wrote: - quote - > Good evening.
The IRS interpretation of the law, which may be exactly correct, is> I am preparing my tax return. I have two questions. I am an > international person and I just started working in the US. > 1. My employer sponsored me for the H1 visa. They paid all the > application fees. However, when it did get approved by INS (USCIS) I > traveled to Canada to get the visa stamp. However, I incurred about > $3500.00 of travel expenses related to my visa stamp (since the US > consulate did some background checks and I was stuck there for 3 > weeks). Since this stamp is for being able to work in the USA > (employer-related), would it qualify as a tax-deductible? > 2. I have also paid legal fees of about $7000 (lawyer feels + > application filing fees) to a lawyer for employer-sponsored permanent > residency (green card) *for the US. Would this qualify as a tax- > deductible event? > I am using Turbo Tax where it says, "eligible expenses include court/ > attorney fees related to either doing or keeping your job" are > deductible. I think I have a case for the above since I would not be > authorized to work legally in the US without the above but I am not > sure. Can someone please advise. that such expenditures are non-deductible personal items. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| Good evening. I am preparing my tax return. I have two questions. I am an international person and I just started working in the US. 1. My employer sponsored me for the H1 visa. They paid all the application fees. However, when it did get approved by INS (USCIS) I traveled to Canada to get the visa stamp. However, I incurred about $3500.00 of travel expenses related to my visa stamp (since the US consulate did some background checks and I was stuck there for 3 weeks). Since this stamp is for being able to work in the USA (employer-related), would it qualify as a tax-deductible? 2. I have also paid legal fees of about $7000 (lawyer feels + application filing fees) to a lawyer for employer-sponsored permanent residency (green card) for the US. Would this qualify as a tax- deductible event? I am using Turbo Tax where it says, "eligible expenses include court/ attorney fees related to either doing or keeping your job" are deductible. I think I have a case for the above since I would not be authorized to work legally in the US without the above but I am not sure. Can someone please advise. 3. Finally, I'm wondering should I do a itemized-deduction or a standard deduction. I don't own a home etc. The only itemized- deduction I have are charity contributions ($300), moving expenses ($100), Roth IRA contributions ($4000), and if the above legal fees are deductible. If so, then I think the itemize-deduction would lower my overall income. Can someone help? Thank you for your time. The US tax system is too complicated. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| deductible, employersponsored, fees, immigration, legal, tax |
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