TAX REFUND USA

~ Description

In the United States, as well as in Bulgaria, people pay taxes depending on the amount of money they have received through wages/salaries. It is the Internal Revenue Service (IRS) which deals with all tax issues in the USA.

Each year millions of American citizens, permanent residents, exchange visitors and seasonal workers are obliged to submit an individual Income Tax Return. Returns are filed between January 15th – April 15th . It is possible to submit the Return after April 15th , but the procedure for tax refund takes more time and the delay can sometimes lead to penalties.

Exchange visitors in the USA pay:

Federal Tax

this is the main US tax and paying it is mandatory

State Tax

this tax is defined by the local state authorities and the amount varies from state to state.

If you are on a J-1 visa, you are not supposed to pay other taxes, such as Social Security, Medicare and Federal Unemployment Tax (FUTA).

As a rule, the taxes which your employer has deducted from your paychecks, are more than required. That is why you have the right to apply for tax refund and you are welcome to use our services for that purpose! In many cases, you will get full refund. In fact, the amount of your tax refund depends on the amount of money you have earned during your work period.

The most important document which is required for Tax Refund, is the W-2 form. This is the form which contains the final tax information the way it was submitted for you by your employer to the IRS. Based on that information it is calculated whether you will get tax refund, and whether it will be full or partial. Each employer is obliged to issue the W-2 form and send it to you after the end of the year.

Make sure you have your employers' contacts before you fly back home. It is equally important for your employer to have your exact address in order to send you the W-2 form.

~ Step By Step

Step 1: Calculation and Registration

Calculation and registration is free of charge. You fill in the respective forms either at our office, or online at: www.mytravel-bg.com

Step 2: Enrollment

In order to enroll for MyTax, you need to submit the documents listed below either at our office, or by email:

• registration form
• W-2 form
• copies of: Social Security Card, international passport, visa, DS2019 (for J-1 participants), or I-129 (for H2B participants)

Step 3: Processing the Tax Refund

As soon as you have submitted all the necessary documents, we prepare the Income Tax Return for you, you pay a fee of 99 leva, and we send the Income Tax Return to IRS. In 4-6 weeks' time we wire the refunded amount to you to an account in Bulgaria. There are no additional fees for the transfer.

The service we offer is based on three principles – accuracy, transparency and punctuality!

• No additional charges to the initial MyTax fee you pay (for example, for a missing W-2 form, or for bank transfers)
• You recieve a copy of your Income Tax Return to check the exact amount of money that will be refunded to you
• All program steps can be made online
• You can contact us at any time to recieve the information you are interested in, or to check on the status of your tax refund
• In case there is any problem on the part of IRS, you will recieve professional help to solve it!