U.S. tax return frequently asked questions

We want to catch up with you to catch up with you and see how you are doing with your tax returns.

Every year, from January through April, U.S. residents must comply with the obligation to report their earnings.

Many newly arrived immigrants make the mistake of not doing so, and by doing so, we are risking the opportunity to obtain a good credit score that will later make it easier for us to achieve our goals.

It is important to know that no matter how much you are earning at the moment, you must always be up to date with your taxes. So here we help you briefly answer some of the most important questions you may have.

Frequent questions:

What happens when I don't have a Social Security Number and do I have to pay taxes?

You must apply for an ITIN at the Treasury Department, and report any money you earn. For example, if you earned $100, you have to pay 10%, which would be $10. Remember that even if you have no documentation, you must pay taxes.

What income should I report?

What you receive from your work, whether it is private classes or consulting and also if you buy a house or apartment and receive rent from that property.

How can I receive my tax deposit?

The IRS offers different methods including checks, however, you should consider that with these, there is the possibility of losing them, getting them wet or even suffering from scams. The recommendation to avoid this is that you choose to receive your payment through direct deposit, so that you receive the amount in your bank account quickly and without complications.

It has been more than 21 days and I have not received my refund, why?

Some statements may take longer than others if:

- Presented on paper 

- The form contains errors

- Incomplete 

- Is affected by identity theft or fraud 

- Needs additional review

Don't forget that with your PANA debit account you can activate direct deposit and receive your tax payments directly into your account, this will help you save time and avoid any misunderstandings. 

If you are not yet using PANA direct deposit, we invite you to give it a try.