Tax Preparation San Antonio
IMMIGRANTS AND TAX RETURN FILING
On November 20, 2014 President Obama announced an executive action on immigration which could extend relief from deportation to an estimated 5 million undocumented immigrants.
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The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund.
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Immigrants and Tax Return Filing
On November 20, 2014 President Obama announced an executive action on immigration which could extend relief from deportation to an estimated 5 million undocumented immigrants.
The administration has not said which documents it will accept, however, we believe that the Citizenship and Immigration Services which vets applications under Homeland Security may require 5 years of accurately prepared tax returns as additional proof of residence if applicants claim to have worked in the United States since their arrival.
Those who have filed accurate tax returns with their Individual Tax Identification Numbers (ITIN) and have retained their records will be light years ahead of those who have not. We recommend that you and your tax preparers get ready to answer tax questions for those applying for this new program.
As far as other types of documentation needed, some immigration advocates are taking guidance from the 2012 Deferred Action for Childhood Arrivals program. The DACA program allows travel records, vehicle registrations, baptism records, mortgages, dated bank transactions, etc. http://www.dhs.gov/deferred-action-childhood-arrivals.
Other substantiating evidence suggested by immigration advocates may include utility bills, speeding tickets, dentist or doctor records, money order receipts, movie rental receipts, veterinarian bills, customer loyalty programs, social media postings, a Facebook photo at an amusement park, postmarked letters, whatever it takes to establish a continuous residency.
Source: latinotaxpro.org