I am not US citizen yet. I am an employee. I recently consulted a tax attorney who provided me with the following questionnaire to calculate my tax deductions. I tried Turbo tax which 1/4th tax refund, as compared with what tax attorney calculated. I am skeptical about his methods. Following is the summary of questions asked. Do you think these are reasonable?
- Cell phone expense per month. Was this reimbursed by your employer?
- Internet expense per month. Was this reimbursed by your employer?
- Daily commute to the office a. By car – miles to/fro: b. Public Transportation – cost of bus/train/taxi:
- Rent & Utilities per month. If on a sharing basis, then list only your portion:
- New laptop/PC purchased in 2014 – cost:
- Medical expenses not reimbursed by your employer:
- Foreign Tax Credit – this is designed for taxes paid to USA & your home country on the same income (double taxation): a. Supporting documents required, e.g., Foreign payslips, USA payslips, Form 16
- Moving expenses while relocating to a new job/client:
- Tax preparation fees paid in 2014 for 2013 filing:
- Home Loan Interest Expense (in the USA or abroad). Supporting documents required, e.g., tax certificate from the bank or Form 1098:
- Professional Training and Certifications:
- Tuition & Fees for higher education. Either in the USA or abroad:
- Student Loan Interest. Either in the USA or abroad:
- Charitable donations:
- Dependents other than spouse & children (dependent means you provide them with over 50% of their living expenses):
I have assets abroad as part of joint accounts, and I actively invest(via the joint account, loans) with my mother - who has is active in real estate market - but the deeds are in my mother's name, and my mother also pays taxes for all assets/purchases. I was told that I don't need to file any taxes for the foreign income as my mother already files taxes.