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raj999
Oct 20, 2008, 12:36 PM
Hi experts

my question is:
i am an indian citizen. i was on opt fron 1 jan08 and from 1 oct 08 on h1b. from jan 08 iam in colorado.
i will be opening an nre account:
1) if balance is more than 10000$, then do i have to fill form TD F 90-22.1 ? Do i have to fill it or only usa citizens??
a) do i have to pay taxes on its interest?
2) do i come under resident or non-resident alien category?
3) what all tax forms will i have to fill
MukatA
Oct 20, 2008, 10:34 PM
On F1/OPT you are exempt from residency. On H1-B you do not meet substantial presence test.
If for 2008, you file non-resident tax return, then you do not file TD F 90-22.1.

On the resident return, you will report your worldwide income.