General Tax Queries
What is tax compliance? Tax compliance refers to the process of ensuring that an individual’s or business’s tax affairs are in accordance with the legal regulations set by the government.
Why is tax compliance important? Tax compliance is crucial to avoid penalties and interest charges, and to ensure that you are contributing fairly to the economy.
Student-Specific Tax Questions
Are students required to file taxes? Yes, students may be required to file taxes depending on their income level, source of income, and residency status.
What tax credits are available for students? Students may be eligible for various tax credits such as the American Opportunity Tax Credit and the Lifetime Learning Credit.