|
Frequently Asked Questions
- General Questions
I cannot come to your office because I do not live in Bay Area, CA. How can I still file my tax return through you?
Back to top
Electronic Filing (e-File) Related Questions
My tax return has been e-Filed, but it is taking longer than expected. What has happened to my refund?
Back to top
Stocks, Loss Related Questions
I lost money buying and selling stocks. I have all my transaction statements to prove that I have suffered a loss, what do I do?
Back to top
H1-B/L1 Visa Related Questions
I plan to return to my home country after my H1-B/L1 visa expires. Can I open an IRA? Why should I open an IRA?
After my job was terminated, I returned back to my home country. Why should I file my tax return?
I have been living in the United States, but I have a Spouse who is living outside the United States. He/She does not have a Social Security Number (SSN), but is there a way I can claim him/her in my income tax return?
When I took my job in America, my employer paid for my plane ticket, but I had to pay for my spouse's plane ticket out of my pocket. Can I claim this cost as a deduction?
I had filed as a "Single" in previous tax returns, but now my spouse has a SSN. Is there a way I can get back the money I had lost in previous income tax returns?
I was here less than 183 days. Do I need to file 1040NR? Which would be more beneficial 1040 or 1040NR?
Back to top
General Questions
I cannot come to your office because I do not live in Bay Area, CA. How can I still file my tax return through you?
Although we are very popular in the Bay Area, we are well received by clients who live far away as well. The fact that you cannot come to our office should not discourage you from taking advantage of our services. Through this web-site, you can still have Valley Taxpro, Inc. process your tax return. Visit our Remote Clients section to learn how you can submit your return by email.
Back to General Questions
Electronic Filing (e-File) Related Questions -
- My tax return has been e-Filed, but it is taking longer than expected. What has happened to my refund?
The IRS has created a "Where's My Refund" website, which you can access from useful links section. If you need further assistance after you have inquired your refund status with the IRS, we'll be happy to assist you.
- Back to Electronic Filing (e-File) Related Questions
Stocks, Loss Related Questions
I lost money buying and selling stocks. I have all my transaction statements to prove that I have suffered a loss, what do I do?
please provide us all the documents. The IRS will allow you to claim a maximum of $3000 of stock loss from your earned income. You are entitled to claim $3000 each year until you finally exhaust all of your loss.
Back to Stock, Loss Related Questions
H1-B/L1 Visa Related Questions
I plan to return to my home country after my H1-B visa expires. Can I open an IRA? Why should I open an IRA?
- Yes, you can still open IRA. If you would like to learn more about IRA's, please ask us! There are different kinds of IRA's with unique advantages to even H1-B Visa holders, like saving tax dollars. If you can avoid paying taxes legally and keep your hard earned money, why not?
After my job was terminated, I returned back to my home country. Why should I file my tax return?
The answer is both simple and serious. First, you want to get your tax return to get your refund. Even if you worked for a short time period last year and if you received a W2-Form, you should claim your taxes and get your money back because you earned it and deserve it. Also, the INS will use the income tax returns you had filed during your stay in America as criteria whether or not go grant you another visa in the future. If you are granted a visa to enter the United States again in the future, the IRS may also inquire why you had failed to submit a tax return earlier.
I have been living in the United States, but I have a Spouse who is living outside the United States. He/She does not have a Social Security Number (SSN), but is there a way I can claim him/her in my income tax return?
- Yes, you can. An Individual Tax Identification Number (ITIN) will enable you to claim your spouse on your tax return. You need to contact us as soon as possible so that we can prepare your ITIN application. The ITIN application must be filed with your tax return and it is critical that you act as soon as possible because the application process takes usually an hour to complete. We urge you to act early so that we can keep your ITIN application ready and expedite your tax return process. Thus, the sooner we begin the ITIN application, the sooner you will receive your income tax refund.
When I took my job in America, my employer paid for my plane ticket, but I had to pay for my spouse's plane ticket out of my pocket. Can I claim this cost as a deduction?
- Provide us the details. We will use the information given to claim your moving expenses.
I had filed as a "Single" in previous tax returns, but now my spouse has a SSN. Is there a way I can get back the money I had lost in previous income tax returns?
You can claim the money you had lost in the past by amending your previous tax returns. Valley Taxpro, Inc. is very familiar and proficient with the income tax return amendment process and is dedicated to obtaining the highest refund possible given your scenario. To have us amend your tax return, please submit a copy of it to us.
I was here less than 183 days. Do I need to file 1040NR? Which would be more beneficial 1040 or 1040NR?
You need to file 1040NR. filing 1040 gives better refund. But if you are eligible we can get you more refund by filing a different return from 1040NR. Please contact us to discuss your specific case.
- Back to H1-B/L1 Visa Related Questions
|