How Do I File Taxes In The USA As A Medliant USRN?
When you begin working in the USA as a Medliant USRN, you will need to prepare for and plan to file taxes early during the following year. As your employer, Medliant will ensure that you receive the necessary documentation that you need to file your taxes at both the US State and Federal levels with the Internal Revenue Service (IRS).
What Documents Or Information Do I Need To File My Taxes In The USA?
Employment Form (W-2 Wage), which you will receive shortly after the end of the calendar year
Your Social Security Number (SSN) or Tax ID Number
Your spouse’s full name, SSN or Tax ID Number, and DOB (if applicable)
Routing and account numbers of your US bank account to receive your refund by direct deposit (if you choose this option for your return)
Charitable donation receipts (if applicable)
Medical expense receipts (if applicable)
Health insurance coverage document (Form 1095)
Childcare expense documents (if applicable)
Education expense documents (if applicable)
Last year’s refund documents
Investment Income (various Form 1099 documents; if applicable)
How Do You File Your Taxes In The USA?
Option 1: E-Filing. When you file for your US State and Federal taxes online, you will often receive your tax refund(s) within 3 weeks of the actual date that the IRS receives your return. This option is faster than completing your refund via mail and will allow for a much quicker direct deposit of your return into your checking or savings bank account.
Option 2: Mail. If you choose to mail your taxes you would complete Form 1040 (U.S. Individual Income Tax Return) and allow for a processing time of 6 to 8 weeks from the actual date that the IRS receives your return. Many individuals will often mail their tax documents for the their first year of working in the USA. If you choose to mail your taxes, ensure that you use tracking envelopes to ensure that your documents are received by the IRS. The IRS will always sign for tracking envelopes, which then allows you to know if and when those documents were received.
When Do I Need To File My Taxes By?
Your taxes need to be filed by April 15th for the previous calendar year. For example, if you are filing for the 2021 tax year (January 01, 2021 to December 31, 2021), you would need to file your taxes no later than April 15, 2022.
Do I Need To Inform The IRS If I Change My Address Or My Name?
Yes, if you change your address or your name you should visit https://www.irs.gov/filing/individuals/update-my-information and update your address or name to ensure that there will be no complications at the time of filing your taxes.
For General Information About Taxes And Information Related To Filing Taxes, Where Should I Go?
You should visit https://www.irs.gov/individuals to track your tax refund, learn about options for paying your taxes, estimate the amount of tax owing or refund, and discover if there are any tax credits that you may be eligible for.
Where Do I Go To File My Taxes?
Any licensed accountant, accounting firm, or accredited tax firm in your local area will be able to assist you in completing your taxes.
When you file your taxes for the first time in the USA, it will be best to do so in person with a professional accountant who will be able to guide you throughout the entire taxation process. They will also ensure that any requirements are met and that you receive all possible tax credits, and the largest possible tax refund available to you.