Filing A FAFSA Form? Tips to Get The Tax Transcript

FAFSA-Form-Filing   Are you filling out a financial aid application? Did you know that you would require tax information to complete the Free Application for Federal Student Aid Form (FAFSA)? There is no need to panic if you didn’t or don’t have your tax transcripts handy. By using the IRS Data Retrieval Tool, you can gain access to relevant tax information [...]

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Deadline for 1099s changed to February 17

Many investors will receive their year-end tax statements later than in past years, but these forms are likely to be more accurate, according to the Internal Revenue Service. [...]

Consequences of Filing an Incorrect Tax Return…

You must be familiar with the adage that “ignorance of the law is no excuse.” In the area of “tax fraud,” however, this cliché may not apply.  The law does not [...]

Launch of mytaxfiler®

January 23rd 2009 - GVA management is pleased to roll out its US taxation service portal, www.mytaxfiler.com. Developed by GVA's technology partner Jupiter Business Systems [...]

Child Tax Credit on your US Tax return?

The Child Tax Credit (CTC) is an important tax credit tax payers may claim on their federal tax returns. Claiming the CTC will lower the amount of taxes that families owe to [...]

Should I plan my retirement tax strategy?? YES YOU SHOULD!

Our life changes with various life changing events and retirement is one such life changing event which not only changes our life…but also our income and our income taxes. [...]

Residential Status in the US, What does it mean from US Tax filing perspective?

It is very important to determine the residential status of the tax filer, as a resident and nonresident are taxed differently under the IRS code.  Who is a Resident?  You [...]

What is a Wash Sale? How does it affect taxes on Capital Gain?

When you sell a stock at a loss and repurchase a substantially identical stock within 30 days, your transaction will likely be designated a wash sale. A taxpayer cannot deduct [...]

US Economy, when will we see normalcy again?

2008 Recession is known to be one of the worst recessions since World War 2. Households are not only cutting their day to day expenses, but also resorting to long term life [...]

What is an ITIN or Individual Taxpayer Identification number?

ITIN is a tax processing number issued by the Internal Revenue Service. Individuals who are not eligible for SSN, but who are required to have a U.S. taxpayer identification [...]

Welcome to GVA, mytaxfiler®

About GVA - Global Value Add, Inc (GVA) founded by industry professionals and alumni from Infosys, KPMG, and consultants from reputed tax consulting companies with combined [...]