All posts tagged amend a tax return

  • I filed an incorrect tax return. Should I file an amended return to fix it and how?

    how to amend my tax return

    (Last updated: 17.05.2022)

    “Don’t worry if you made a mistake on your tax return or forgot to claim a tax credit or deduction. You can fix it by filing an amended return.” – The IRS

    Made an error on your nonresident alien income tax return? Don’t worry, fixing it is not as difficult as you might think!

    Continue reading “I filed an incorrect tax return. Should I file an amended return to fix it and how?” »

  • Everything a nonresident needs to know about the US Recovery Rebate Credit

    Recovery Rebate Credit for nonresident aliens

    There is some confusion from nonresidents in the US around the topic of stimulus payments from the pandemic.

    Nonresidents are typically not eligible to receive these payments. However, the IRS sent many checks to nonresidents in error.

    The IRS has recently announced that people who are missing a stimulus payment or got less than the full amount may be eligible to claim a Recovery Rebate Credit on their 2020 or 2021 federal tax return.

    In this guide we will cover everything a nonresident needs to know about the Recovery Rebate Credit.

    Here’s what you should know about the US Recovery Rebate Credit as a nonresident.

     

    What is the US Recovery Rebate Credit?

    The Recovery Rebate Credit was a payment that was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that came into existence in the early days of the pandemic, in 2020.

    This initial part of this stimulus payment was of up to $1,200 for any of the qualifying adults and up to $500 per qualifying dependent.

    A lot of these payments were sent out in mid-2020.

     

    How much is the credit?

    For the majority of people, the base amount received from the credit was $1,400.

    For married couples who filed a joint tax return, the total was $2,800.

    The amount received is generally based on factors such as

    • Filing status
    • Amount of children who can qualify
    • Adjusted amount of any impact payments already received
    • Gross income

     

    Can a nonresident claim the Recovery Rebate Credit?

    At the time of the payments, there was confusion around the qualifying factors as many nonresidents and residents alike received it.

    However, strictly speaking, nonresidents (including nonresident international students) do not qualify for any of the credit, as you:

    • Must be a US citizen or U.S. resident alien in 2020
    • Cannot have been a dependent of another taxpayer in 2020
    • Must have a Social Security number that is valid for employment before the 2020 tax return due date

     

    I filed as a resident and Recovery Rebate Credit in error, what should I do?

    The first point to remember is that you shouldn’t worry, you are not alone in receiving this in error!

    The good news is that all you need to do is file an amended tax return for the relevant year you filed as a resident and thus pay any tax liability that you owe to the IRS.

    Thousands of amended returns are sent to the IRS each year, this is completely normal and happens to many nonresidents. An amended nonresident tax form is formally known as 1040X.

    Completing a 1040X online is quite easy, and you can do it today with Sprintax!

     

    I filed correctly but received the payment. What should I do?

    This is another common scenario we have seen over the past year.

    Most people find they have either cashed the check or have not cashed it, so will be left with two options:

    1. You received the check but have not yet cashed it:

    1. You’ll need to write “Void” on the back of the check.
    2. Mail the check to a valid IRS branch location closest to you.
    3. Include in it a note outlining why you are returning the check.

    2. You received the payment as a check and cashed it/ you received the payment through direct deposit:

    1. This will require you to send a personal check, or money order, etc., to your relevant IRS branch location.
    2. On the check/money order, you’ll have to write “made payable to ‘U.S. Treasury’” and also write ‘2020EIP’, and your taxpayer ID (in this case your social security number, or individual taxpayer identification number/ITIN).
    3. Again, give an explanation of the reason for returning the payment.

     

    How Sprintax can help you

    Sprintax is the go-to service for nonresident and international student tax preparation in the US.

    If you accidentally claimed the recovery rebate credit, we can help you prepare your 1040X to ensure you are on the right side of the tax authorities.

    If you are unsure of your tax obligations, our tax team is more than happy to discuss your case with you.

    We have a 24/7 Live Chat service that will provide you with key assistance when you need it the most.

    We’ll complete a full tax review on our user-friendly system, ensuring you are ready to file your optimized tax return.

     

    Prepare your 1040X form with Sprintax Returns.

    Start here

     

     

  • 我提交了一份错误的报税表。我是否应该提交修正报税表来修正它?怎样做?

    how to amend my tax return

    如果你在纳税申报单上写错了,或者忘记申请抵税或扣减,也不要担心。你可以提交一份修改过的申报表来解决这个问题。——美国国税局

    在申报非居民外国人所得税时犯了错误?别担心,修复它并不像你想象的那么困难!

    美国的税收是很棘手的——尤其是如果你是一个不熟悉美国税收制度的非美国居民。美国国税局(IRS)知道税收代码很复杂,而且人们会犯错误。

    由于各种不同的原因,报税表可以被认为是“不正确的”或“不完整的”。像忘记签署表格这样的简单事情,像虚报收入或计算扣减额这样的大问题,都可能影响报税表的有效性。虽然在报税表上犯错不一定是什么大问题,但重要的是你要在适当的情况下提交经修订的报税表,以改善情况。

    如果你意识到你在已经提交的报税表中犯了错误,或者你遇到了新的信息(例如你收到了额外的W-21042-S),只需提交一份修改过的报税表进行更正

    需要注意的是,你不应该试图通过提交另一份原始的1040NR申报表来纠正这种情况。这将使事情更加混乱,可能会给你带来额外的麻烦。相反,提交一份1040-X,修改后的美国个人所得税申报单,即使你的原始申报单是在几天前提交的。

    Continue reading “我提交了一份错误的报税表。我是否应该提交修正报税表来修正它?怎样做?” »