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 Tax query

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Posted on 02-05-07 7:29 PM     Reply [Subscribe]
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Hey guys,

I need your expertise to filing this year's tax. Its been 2 yrs I am here in US and filing tax as a resident, though I was in F1 status. I even worked using my SSN to work offcampus and used W2 of that work while filing tax. Now I am in H1B and want to file tax legally, as an international. Is it okey to file 1040 NR after filing 1040 for two year? What might be its consequences?

Your suggestions are highly appreciated.Thanks in advance
 
Posted on 02-12-07 2:56 PM     Reply [Subscribe]
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That depends. How would u like to fill. I am not sure if the dependents have tax pay number or Social security number. I have one dependent as well and I tried to filled dependent during online tax filling they asked for either TIN or SSN. My dependent doesn't have that one.
I have no idea more than that.
 
Posted on 02-12-07 3:04 PM     Reply [Subscribe]
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Thanks blue_moon,They have TIN.You can apply for your dependent's TIN when you file for Federal return.I do not know the procedure though coz one of the Nepali daai did it for me last year.
I am told that upto $19000 will be non taxable for me if I go for Standard deduction coz I have 2 dependents.I am not sure how it works if I go for itemized deduction.

I am still seeking more information in tax deduction.

Any information is highly appreciated.

Thanks
 
Posted on 02-12-07 3:17 PM     Reply [Subscribe]
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my dependent is in F2 status. Are those who are in F2 status are eligible for TIN?
 
Posted on 02-12-07 3:20 PM     Reply [Subscribe]
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Posted on 02-12-07 3:27 PM     Reply [Subscribe]
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Can you provide me the information about where to get that?
 
Posted on 02-12-07 3:33 PM     Reply [Subscribe]
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Since,I did not do it myself.One of the nepali bro did it for me.I will find out and reply to your mail by tomorrow.(My dependent got those TIN when they were in F2).
 
Posted on 02-12-07 3:54 PM     Reply [Subscribe]
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Hello Blue moon,
You can get ITIN number for your dependent from any of IRS office. You have to fill W-7 form. You can do it your self also. Otherwise if you wanna get more refund go to one of indian CPR and pay around 60-100 bucks then they will do everything, i mean filing for ITIN number also.
How you are filing your tax return? 1040 or 1040NR ?
 
Posted on 02-12-07 4:08 PM     Reply [Subscribe]
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Does anybody have any idea about F-1 studnets can file 1040 or not? If they file 1040, can get more refund, if file through 1040NR then get less refund. Does anybody have any detail idea about it?
I heard, though you are an international student, after certain time you will be considered as RESIDENT only for tax purpose and you can file 1040.
Filing through 1040 will affect for GREEN card processing or not?
 
Posted on 02-12-07 4:49 PM     Reply [Subscribe]
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Gorkhali jetho

HEre is What is written in IRS website

Nonresident aliens. Generally, if you are a nonresident alien (other than a resident of Canada or Mexico, or certain residents of India or Korea), you can qualify for only one personal exemption for yourself. You cannot claim exemptions for a spouse or dependents.

I am going to file 1040 NR. I heard that it should be five years to fill as Resident.
 
Posted on 02-13-07 8:34 AM     Reply [Subscribe]
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My question is still unanswered:
While filing for Federal Tax return,how much can I claim as non taxable?Also,for state tax return,how it works if I have wroked in 2 states?
Any information is appreciated.
 
Posted on 02-13-07 9:58 AM     Reply [Subscribe]
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fellowship won't be taxable.
$ 3300 per dependents and 3300 yourself.
 
Posted on 02-13-07 12:03 PM     Reply [Subscribe]
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let me get clear here:

Standard deduction for a married filing jointly : $10000
Tax credit for we three(me and my dependent) : $9900(3300*3)
Total = $19900

Apart from those deductions,what else can I include?
 
Posted on 02-13-07 12:34 PM     Reply [Subscribe]
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I think you can't both married filling jointly and 2 dependents.
 
Posted on 02-13-07 12:36 PM     Reply [Subscribe]
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Which form are u filling?
 
Posted on 02-13-07 12:38 PM     Reply [Subscribe]
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Should I file as married filing separately and claiming 2 dependents?
 
Posted on 02-13-07 12:39 PM     Reply [Subscribe]
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married filling jointly and one dependent will be better, I guess, I am not the tax expert
 
Posted on 02-13-07 1:58 PM     Reply [Subscribe]
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yes, you CAN file as married-filing-jointly and claim 3 exemptions. Also, don't forget to claim the phone tax credit. If you have paid for college expenses for any of your dependents, you can also claim the Hope credit.
 
Posted on 02-13-07 2:02 PM     Reply [Subscribe]
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Thanks john doe ,What is that 3 exemptions? any idea about deductions..What documents do I have to send for education and moving expenses?
 
Posted on 02-16-07 9:19 AM     Reply [Subscribe]
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Hi Nanu
Which form are you filling for federal tax return. I didn't see anywhere to write married filling jointly. Is that the state tax return you are talking aboout?
 
Posted on 02-16-07 9:24 AM     Reply [Subscribe]
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I used to file through one of the Nepali dai before and he perhaps filed 1040 and I think,I will continue with that.

http://www.irs.gov/pub/irs-pdf/f1040.pdf.

see under filing status.

Thanks
 



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