Form 2106 or Employee Business Expenses

Form 2106 is for reporting when you have employee business related expenses. If you have expenses that are not reimbursed by your employer or if your employer does not use an accountable plan, you can claim the non-reimbursed expenses on Form 2106 or 2106-EZ as the case may be. Any expense that can be directly attributable to the employer can be filled in the Form 2106 and attached to Form 1040 or Form 1040NR while filing your taxes. Then the total amount of your expenses from either of these forms is transferred to Line 21 of Form 1040 Schedule A and your total taxes payable can be deducted or claimed. Mytaxfiler expert consultants will guide you, if the said expenses can be categorized under Form 2106 and help you with the US tax planning, US tax preparation and filing.

Mytaxfiler US Tax Preparation Services

At mytaxfiler we provide US Tax Preparation Services which comprises of US tax planning, US Tax Preparation, filing & representation. We provide quick services for US tax preparation for both federal and state taxes. Preparing income tax return can be a tedious task for which you would have more questions than the answers. According to a study by the US Government's General Accounting Office in the year 2009, most taxpayers believe they benefited from using a professional tax preparer. Its just a mouse button click and you can file your taxes online by using our consultants experience and expertise, by getting in touch with mytaxfiler. It is very easy to overlook credits & deductions to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. Mytaxfiler provides apt tips for US tax planning which would help you in your US tax Preparation as our consultants have a vast expertise in tax laws and also use the software to run and re-run your taxes so that they don't exceed the IRS limit.

Are you a Non Resident Indian having NRI Tax Filing issues?

Our firm provides professional services for Tax Filing especially for the NRI's. Income tax rules are too complex for a common man to understand. For this very reason we at MyTaxfiler.com give you very basic but critical guidelines to file taxes.

Before anything else we would like to tell all our clients that it is very important to have you PAN in hand or if you are a Resident Indian, about to take up employment abroad, the primary task before you is filing for an Income Tax Clearance Certificate (Form 31) of the Income Tax Act 1961.

NRI Tax Filing includes

• Our firm provides a customized process where in the your US Tax planning, US Tax preparation,NRI tax filing and representation can be done at a go.

• Our firm makes use of the “Double Tax Avoidance Agreements (DTAA)” and its objective is to avoid taxation of income in both the countries. It results in lower tax being deducted at source (with holding taxes) and tax credit when tax has already been paid in one country. You can claim credit for taxes paid in the foreign country (in this case, India) by completing IRS form 1116 while filing taxes in USA. Credit applied on form 1116 will be equal to tax paid in India. Be sure to pay lower tax rate in India by taking advantage of lower tax rates available in Double Taxation Avoidance Agreements (DTAA).

• Our firm assists you with all you queries as we are well versed with NRI taxation laws. Our major objective is that the NRI/Desi individuals make maximum use of our services and are able to maximize their savings.