Latest news with #ITIN
Hindustan Times
10-06-2025
- Business
- Hindustan Times
IRS sending tax refunds: Who will get their refund by June 15? Check eligibility and more
The IRS is still giving tax refunds to people who sent in their 2024 tax returns in the first half of 2025. If you filed online by May 15, your refund may be sent to your bank between June 9 and 15. Refunds are sent based on how and when you filed. If you filed online and asked for direct deposit, you usually get your money 21 days after the IRS accepts your return. If you asked for a paper check in the mail, it might take up to two months. The IRS says if you filed by April 7 and picked direct deposit, your money should have come around April 28. If you picked a paper check, you may get it around June 6. If you filed around April 15, which is the usual deadline, and picked direct deposit, your refund may show up between June 6 and 19. If you wanted a paper check, it might come between June 13 and 26. But keep in mind, these are just real date could change if your return is more complicated, if you claimed special tax credits, or if the IRS is very real date could change if your return is more complicated, if you claimed special tax credits, or if the IRS is very busy. Also Read: If you filed online and asked for direct deposit, you usually get your money 21 days after the IRS accepts your return Even though the IRS tries to be on time, many things can slow down your refund. A common reason is a mistake on your return. This might mean an IRS worker has to look at it by hand. If you asked for the Earned Income Tax Credit or the Child Tax Credit, your refund may be held longer, since the IRS checks these to stop fraud. Other things like problems with your ID, someone using your Social Security number, slow banks or mail, or if you owe taxes or child support, can also delay your refund. If it's been over 21 days since the IRS said they got your online return and you still didn't get your refund, use the 'Where's My Refund?' tool on the IRS website. This tool gives updates every day. You will need your Social Security number or ITIN, your filing status, and the amount of your refund. If it's been more than 21 days and still nothing, you can also call the IRS at 800-829-1954 to get help. Filing online and asking for direct deposit is still the fastest and safest way to get your refund. Paper forms can take much longer, especially when the IRS is very busy.
Int'l Business Times
06-06-2025
- Business
- Int'l Business Times
Filing Taxes Late in the US (2025): Penalties and How to Get an Extension
Filing taxes can feel overwhelming, especially when you're worried you've missed the deadline. But the good news is, it's not too late to act. If you're still working through your 2025 tax return, take a deep breath: there's still a way forward. With the right information and the proper tools, tax filing becomes much more manageable. Whether through expert advice or accessible digital platforms, anyone can take control of their taxes. Key Tax Deadlines And How To File Late Understanding the important dates is crucial for a smooth tax season and avoiding extra charges. The IRS began accepting 2025 tax returns on 27 January, with the official deadline set for 15 April. If you've missed that window, it's vital to request an extension immediately by submitting Form 4868. You'll need to include your name, address, Social Security number or individual taxpayer identification number (ITIN), as well as an estimate of what you owe and how much you're paying. Even if you can't pay the full amount, you may still qualify for an extension. This form can be submitted via tax software, a professional preparer, or the IRS Free File service, extending your deadline to 15 October. Alternatively, you can also obtain an extension by making a payment through Direct Pay or the Electronic Federal Tax Payment System and selecting 'extension' as your payment reason. Note that this extension only covers your return, not the payment itself, which was due on 18 April. Missing the payment deadline may lead to interest and penalties. The failure-to-file penalty stands at 5% of unpaid taxes per month (up to 25%), while the failure-to-pay penalty is 0.5%, also up to 25%. While it's important to file on time, how you do it is up to you. Embracing Digital Tools To File Taxes There are several ways to file taxes, and the best one for you depends on your needs. Tax apps have grown in popularity for their ease, affordability and speed. TurboTax is a leader in the space, offering services from free basic filing to professional support packages that cost up to £286 ($389). For a more guided experience, it also provides assisted filing via live chat. H&R Block offers similar services with both free and paid options. These platforms are especially helpful for automatically identifying applicable deductions and credits, which can increase your refund. Prefer government-backed methods? Those are available too. Government-Supported Filing Options If your adjusted gross income is £53,752 ($73,000) or less, the IRS Free File programme offers Guided Tax Preparation. For higher earners, Free File Fillable Forms are available. For individuals earning £49,334 ($67,000) or less, the Volunteer Income Tax Assistance programme provides free help. Seniors aged 60 and above can also access Tax Counseling for the Elderly. For those leaning towards a more traditional method, you can still complete Form 1040 and post it to the IRS. While reliable, this method may take longer to process. What You Need To File Accurately Regardless of your filing method, preparation is essential. Start by collecting key documents: W-2s, 1099s for freelance or investment income, and any proof of deductions or credits. Then choose whether to file solo, with a professional, or through software. Accurately determining your filing status—single, married filing jointly, or head of household—is key, as it impacts your tax rate and eligibility for credits. Many opt for the standard deduction, which in 2025 was £22,090 ($30,000) for joint filers and £11,045 ($15,000) for single filers. It's vital to understand the benefits of credits like the Earned Income Tax Credit (EITC) and Child Tax Credit, which can significantly reduce your tax bill. Filing is essential even if you're unsure about your obligation—you could be eligible for a refund. How To Pay Your Taxes Efficiently The IRS offers several payment options including bank transfers, credit cards, and digital wallets. If you can't cover your full liability, request a payment plan. Be aware that interest will accrue until your balance is cleared. Apply for a plan online or by using Form 9465. To reduce interest, consider a credit card with 0% introductory interest. If you expect a refund, opt for direct deposit—electronic filings are usually processed within 21 days. Returns flagged for manual review may take longer, and if the IRS adjusts your return, they will contact you by mail. Although the official extension deadline has passed, delaying further is unwise. Whether you're filing alone, with professional help, or using digital tools, the key is preparation. Gather your documents, choose the right method, and understand your eligibility for deductions and credits. Being organised and precise will help you avoid stress and maximise your refund. Originally published on IBTimes UK
Yahoo
04-06-2025
- Politics
- Yahoo
How did the Boulder attack suspect have a Colorado license?
(COLORADO) — More details about the Boulder Pearl Street Mall suspect, 45-year-old Mohamed Sabry Soliman, are surfacing days after the attack. Soliman, who lived in El Paso County, entered the U.S. in August 2022 on a B-2 tourist visa, according to the Department of Homeland Security (DHS). The visa is used for foreign tourists' visits to the U.S. DHS further confirmed that the visa expired in February 2023. DHS spokesperson Tricia McLaughlin told AP News that Soliman filed for asylum in September 2022 and was granted work authorization in March 2023, which had also expired. On Monday, June 2, Congressman Jeff Crank reported that Soliman had received a Colorado-issued driver's license in July 2024, a year after his visa had expired. 'Instead of turning him over to ICE, Colorado lawmakers gave him a sanctuary pass,' Crank wrote via X (formerly known as Twitter). 'Shocker.' FOX21 News reached out to the Colorado Department of Motor Vehicles (DMV), which confirmed that Soliman had received a Colorado driver's license 'The DMV has reviewed the history of this individual and confirms that federal law and Colorado law and rule were followed in the issuance of a Standard driver's license, which are authorized under the REAL ID Act and are not REAL ID compliant,' the DMV said. The DMV further explained that under Colorado law, 'if a person provides valid proof of temporary lawful presence at the time of issuance, the DMV will issue the person a Standard Credential. Standard credentials are valid for 3 years, and include a black banner that identifies it as a Standard credential and language on its face that states it cannot be used for federal purposes.' The law, C.R.S. 42-2-506, states that an individual who is temporarily present in the U.S. could apply for an identification document if they had any documents that showed the individual is lawfully present in the U.S. and 'satisfied the department'. DMV law for undocumented Colorado residents changed on March 31, 2025. A Colorado bill signed in 2024, SB24-182, updated issuance requirements for undocumented residents and would allow them to obtain a non-Real ID compliant driver's license. According to the DMV, effective on March 31, applicants would no longer need a Social Security number or individual taxpayer identification number (ITIN), proof of Colorado income tax, or printed documentation of Colorado residence for the preceding two years. Applicants would need to provide: A completed CO-RCSA affidavit One proof of current Colorado residential address One form of identification: passport, consular card, or military identification card from the home country 'Colorado lawmakers and our governor gave him a sanctuary pass,' Crank said during a meeting. 'This tragedy could have been avoided.' When Soliman applied in July 2024, the requirements of providing a social security card or ITIN, proof of Colorado income tax, or printed documentation of Colorado residence were still applicable. Soliman was granted a work permit in 2023, according to DHS; however, they did not say how he obtained it. Asylum seekers become eligible for work authorization 180 days after arrival. The Colorado Bureau of Investigation (CBI) said Soliman had tried to purchase a gun in November 2024 at Scheels in Colorado Springs. His application was processed through the CBI InstaCheck and was denied. 'He never appealed his denial,' CBI said. 'This denial was based on information from the NCIS (National Instant Criminal Background Check System). He would later be denied a Concealed Handgun Permit (CHP) through the CBI and El Paso County Sheriff's Office on December 30, 2024.' Soliman is accused of committing an attack on a group of protesters who were demonstrating at the Pearl Street Mall in Boulder. According to an arrest affidavit, Soliman confessed to committing the attack. He is currently being held in Boulder County Jail on a $10 million cash bond only. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Upturn
02-06-2025
- Business
- Business Upturn
Granite Credit Union Announces Grand Opening Celebration of New Sandy Branch
SALT LAKE CITY, June 02, 2025 (GLOBE NEWSWIRE) — Granite Credit Union is excited to announce the official grand opening of its new Sandy Branch, located at 9383 S 700 E, Sandy, Utah 84070. The celebration will take place on Saturday, June 7, from 10 a.m. to 2 p.m. The community is invited to enjoy food from local food trucks, GirlsWhoSmash and Udder Rivals, music, prize drawings, giveaways, and activities for all ages, including a cash machine. A Media Snippet accompanying this announcement is available in this link. 'We're thrilled to celebrate the opening of our new branch with our members and the community,' said Charlotte Toone, branch manager. 'This location offers exceptional convenience, centrally located near shopping and in one of Sandy's fastest-growing areas. It's a place where members can connect with our team for personalized financial guidance and support in achieving their financial goals.' The new Sandy Branch features a modern, open design that creates a welcoming and innovative environment for members to manage their finances. Granite Credit Union offers various services, including savings and checking accounts, insurance, investments, automobile loans, ITIN loans, real estate, commercial, and business lending. As Granite Credit Union continues to celebrate its 90th anniversary, it remains grounded in its core values and focused on the future. Whether through expanded access to financial products, deeper community engagement, or its pledge to serve the underserved, Granite Credit Union is—and always will be—'always there…so you can make life happen.' To learn more about the event, please visit Granite Credit Union. About Granite Credit Union Founded in 1935, Granite Credit Union serves over 37,000 members and has nearly $900 million in assets. Committed to helping members achieve their financial goals, Granite Credit Union offers a variety of financial products and services, including competitive rates, flexible lending options, and personalized financial guidance. With a vision of 'always there… so you can make life happen,' the credit union strives to empower members with the tools and support they need to succeed financially. Members enjoy access to secure mobile banking services, online tools, and personalized in-branch assistance at locations across Utah. Granite Credit Union is dedicated to positively impacting its communities through financial education, trusted relationships, and exceptional service. Granite Credit Union is always there…so you can make life happen. Learn more at Media Contact: [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Int'l Business Times
02-06-2025
- Business
- Int'l Business Times
The ITIN Lady: Sirius Tax Group Founder Is a Tax Expert Who Puts People First
For many, tax season is a time of stress, confusion, and often, fear. The IRS can feel like an intimidating entity, full of complex rules and red tape. Now imagine facing that same system as a non-U.S. citizen, someone unfamiliar with the intricacies of U.S. tax laws, unsure of how to navigate the requirements. That's where Sydney R. Smith, MBA, CAA, steps in, not just as a tax advisor and professional but as a guide, an advocate, and a reassuring presence in an often overwhelming process. But Sydney, president and founder of Sirius Tax Group , didn't enter the tax industry simply for the numbers. In fact, her approach to tax advisory is built on a deep understanding of culture, human interactions, and the challenges people face when navigating the American tax system, especially those coming from outside the U.S. As a Certified Acceptance Agent (CAA), she has spent years guiding international clients through the complexities of obtaining an Individual Taxpayer Identification Number (ITIN) and ensuring they meet compliance requirements while setting them up for long-term success. Sydney R. Smith Sydney's deep appreciation for cultural diversity is rooted in her own upbringing. As the daughter of a U.S. Air Force Major, she grew up living around the world. Her father would bring back dolls from Japan, Spain, and other countries, planting the seed for her fascination with international cultures. Even as a young girl watching businesspeople on TV—she told herself: "One day, I'm going to be important just like them." That early exposure to global perspectives shaped her approach to business. Sydney earned her undergraduate degree in management, where she developed a passion for marketing and entrepreneurship. She later pursued an Executive MBA, further solidifying her expertise in cross-border leadership, backstage culture, and international business. Her professional journey has been just as diverse as her upbringing. From running a home-based natural skincare business while raising her children to transitioning into business consulting, she has always prioritized human connection in her work. Sydney states, "I loved working with people. But then I realized that adding tax services into my consulting business is actually working with people and that to be the best consultant, especially for small businesses, I had to add tax. So many professionals in this space forget about the people behind the tax forms. But when you take the time to understand them—their culture, their goals, their fears—you create real solutions." Sydney became a CAA in 2013, a designation that allows her to help foreign nationals obtain ITINs—for those who need to file taxes in the U.S. but aren't eligible for a Social Security Number. It was in this role that she truly found her passion. "Most Americans are intimidated by the IRS. Now imagine being someone new to this country, trying to make sense of it all," she says. "I don't just process paperwork; I educate, I guide, and I reassure my clients that they're in good hands." Her clients come from every corner of the world—India, Saudi Arabia, France, the Philippines, Ethiopia, Australia, Jamaica, and beyond. Each case is unique, requiring tax expertise and an understanding of specific visa characteristics and international norms. Sydney takes the time to understand their short-term, medium-term, and long-term goals. "I always ask my clients, 'Do you have plans to stay in the U.S. long-term? Do you want to bring your family over? Do you eventually want to become a citizen?'" she explains. "When I know what they want, I can develop a tax strategy that aligns with their future." Her role extends far beyond paperwork and tax season. She's helped clients navigate visa-related tax implications and guided them through the steps needed to secure permanent residency. Her ability to connect with people from all walks of life has earned her the title of "The ITIN Lady" among her clients and peers. Her fluency in cultural norms is one of her greatest strengths. "Whether it's an H-1B ITIN visa applicant from India, an F-1 student visa holder from Albania, or an O-1 visa holder from Chile, I know the appropriate steps to take, including researching tax treaties," she says. "Every culture navigates conversations differently, and my job is to make them feel comfortable while ensuring they comply with IRS guidance and directives." Sydney is now closely monitoring the proposed Gold Visa introduction and the traction it may gain. While there is a debate and uncertainty, she says, " I think that this proposed visa will run parallel to the EB-5 visa, rather than replace it. Chiefly, because the target audience for both is different. The Gold Visa has a requirement of $5 million, while EB-5 requires $800,000 to $1.05 million." Sydney's impact goes beyond her own clients. She's committed to improving industry standards and educating other professionals in the tax industry. She has presented at industry events, training tax advisors, professionals, and attorneys on best practices for working with ITIN clients. She says, "I'm bridging cultural gaps by sharing my knowledge with other professionals so they can serve their clients with the same level of care and expertise." Looking ahead, Sydney R. Smith remains committed to her dual mission: empowering clients and improving industry norms. To further her mission, she's currently writing a book for tax advisors, professionals, and attorneys. With her book in the works and her continued involvement in educating fellow professionals, she hopes to inspire a new wave of tax experts who harness the human connection. "At the end of the day, this work isn't just about tax codes and compliance," she says. "It's about people—their dreams, their futures, and their journeys. And if I can make that journey easier for them, then I know I'm doing exactly what I was meant to do."
