Child Tax Return, Free Tax Refund Calculator and Tax Return Services

Rama Tax offers a Free Tax Return Calculator for USA Citizens. Rama Tax is a Certified Public Accountant (CPA) and provides Tax Return Services and you can register for Online Tax Return form. Rama Tax Services Provide a cost effective services all over the United State.

Did you know that thousands of United States citizens living abroad are eligible for refunds of thousands of dollars per year by filing United States tax returns?

Child Tax Credit
The United States is one of the few countries that requires its citizens to report and pay tax on their world wide income, no matter where they live. This means that even if a U.S. citizen lives in a foreign country (Foreign Tax Return) they still have a Tax Filing Requirement just as much as somebody who lives in New York City. This is true even if the U.S. citizen never even took one step in the United States and all of his income is from the foreign country that he lives in.
At first this seems like a burden, and even worse it seems as if one is subject to paying double tax, one to the country of residence and then to the United States. However, this is not so in many cases. Actually it could be a very big benefit having a U.S. tax filing requirement.
Why is that? The Internal Revenue Service (the U.S. department of collecting tax) recognizes tax paid to the country of residence as a credit to the tax owed to the United States on that income. This is called the Foreign Tax Credit.
Okay, so there is no tax owed to the United States but what is the benefit of filing a tax return?
There are several refundable credits that many people are eligible for. A refundable credit means that even if you owe no tax (due to the foreign tax credit, as mentioned above or other reasons) the IRS will send you money equal to the amount of the refundable credit.