Form 8689: Allocating Individual Income Tax to the U.

S. Virgin Islands. Form 8689: Allocating Individual Income Tax to the U.S. Virgin Islands Can I efile with 8689? Yes, you can efile with 8689. Does the U. S. Virgin Islands tax Social Security? Yes, the U.S. Virgin Islands taxes Social Security. However, the tax rate is only 3.84 percent, which is lower than the rate in most states.

How do I file a w2 on my taxes?

To file your W2 on your taxes, first gather all of your tax documents, including your W2. Once you have all of your documents, you can begin filling out your tax return.

If you are filing a paper return, you will need to fill out a W2 form and attach it to your return. If you are filing electronically, you will need to enter your W2 information into the appropriate fields on your tax return.

Once you have completed your return, you can either mail it in or submit it electronically. Are there tax benefits to living in U. S. Virgin Islands? Yes, there are tax benefits to living in the U.S. Virgin Islands. The USVI has a personal income tax rate of 0%, which means that you would not have to pay any personal income tax on your earnings. In addition, the USVI offers a number of tax incentives for businesses, including a corporate income tax rate of 4%, which is lower than the US corporate income tax rate of 21%.

What is the purpose of form 8814?

The purpose of Form 8814 is to report a child's income for tax purposes. The form is used by parents or guardians who are claiming the child as a dependent on their own tax return. The form is also used to report the child's income from investments, such as interest, dividends, and capital gains.