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With 20 years of experience as an H&R Block tax pro, MAY enjoys working with clients to get the most from their taxes and reach their tax-related financial goals. Like all H&R Block tax pros, MAY stays sharp with an average of 32+ hours of training per year and brings additional experience as an Enrolled Agent (EA). MAY specializes in foreign income, small business advanced certified, rental income and more.
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Foreign income sources like wages, interest from a bank account, payouts on a stock, or rental income are all taxable in the U.S.
Proprietorships, C corps, and S corps all file yearly taxes, but the forms used to file depend on the way the business is set up.
Rental income is taxed at standard income tax rates, but you can also deduct the costs of buying and improving a rental property.
Investment income can include buying low/selling high, stocks and bonds, and capital losses.
An individual tax identification number (ITIN) helps people file taxes without a Social Security number.