Ask Experts Questions for FREE Help !
Ask
    nij's Avatar
    nij Posts: 6, Reputation: 1
    New Member
     
    #1

    Dec 3, 2008, 11:15 AM
    Regarding Tax And Tax ID Number
    Hi,

    I am on H1B visa. I came to USA in Feb'08 along with my wife, she came here on H4B visa. In my pay stub my marital status is coming as married that is correct.

    My question is that still I haven't applied for Individual Tax Identification Number(ITIN) for my wife. Do I need to get ITIN for her. Where I can apply for ITIN. Currently I am in Glen Allen,VA. Can I file my 1040 (claiming her as dependent) without ITIN number? Or Should I have to wait till I will get ITIN number?

    This is my first TAX return in USA. So should I have to wait till I will get my Annul Income Document from my company to get ITIN number for my wife?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Dec 3, 2008, 02:40 PM
    You submit the ITIN application (Form W-7) with your 2008 tax return! In fact, you cannot submit the W-7 by itself; it will be rejected unless yo have an urgent need for the ITIN (for example, so your wife can open a bank account or so she can attend school).

    You CANNOT claim your wife as a dependent, but you CAN file separately and claim her exemption provided she has no income and does not file herself.

    However, tax-wise, it is best to file jointly.

    And, yes, the "annual income document" that you will get is the W-2, and you must wait for it before you can file your tax return. By law, it must be issued by 31 January 2009.
    nij's Avatar
    nij Posts: 6, Reputation: 1
    New Member
     
    #3

    Dec 3, 2008, 03:20 PM
    Quote Originally Posted by AtlantaTaxExpert View Post
    You submit the ITIN application (Form W-7) with your 2008 tax return! In fact, you cannot submit the W-7 by itself; it will be rejected unless yo have an urgent need for the ITIN (for example, so your wife can open a bank account or so she can attend school).

    You CANNOT claim your wife as a dependent, but you CAN file separately and claim her exemption provided she has no income and does not file herself.

    However, tax-wise, it is best to file jointly.

    And, yes, the "annual income document" that you will get is the W-2, and you must wait for it before you can file your tax return. By law, it must be issued by 31 January 2009.
    Hi,

    Thanks for your prompt reply. What do you mean by It is best to file Jointly?

    Should I have to file for tax return and also apply for ITIN Number togather?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Dec 4, 2008, 07:28 AM
    You shuld file the tax return and ITIN application (Form W-7) together.

    By filing separately and claiming your wife's exemption, you would file dual-status. You would only be allowed to claim your and your wife's exemption (total deduction of $7,000). You could NOT claim ANY standard deduction, but you would pay taxes ONLY on U.S.-sourced income.

    By filing jointly, you can claim the $7,000 for two personal exemptions PLUS claim a joint standard deduction of $10,900. The only drawback to filing jointly is the requirement to claim ALL income earned world-wide in 2008.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

G. Next Number [ 2 Answers ]

Frank Tarantini is the main weapons specialist in the gang of Vito Maretti. He buys stolen weapons and forges the gun numbers. After that the weapons is given to the other gangsters. Recently Vito has charged Frank with the assignment to procure 20 new tommy-guns. Frank has fulfilled the...

What will be the next number. [ 4 Answers ]

1,11,21,1211,3112,132112... what will be the next number. Answer with justification

H4 Tax id number [ 3 Answers ]

I am on H1B visa, my wife is here on H4, how should I apply for tax identification number For her and what are the documents required for the procedure. Thanks

I need a number [ 2 Answers ]

So I had an extension for April 18th for my mutual fund tax problem. I contacted the bank that had all my mutual fund info last week, I was hoping to get the stuff in the mail by Monday, and then I was going to fax it to the IRS but I have yet to receive the paperwork. So what number do I call to...

If I register for a business number in Canada and provide my social Insurance number. [ 1 Answers ]

If I register for a business number in Canada and provide my social Insurance number.. ... will my SIN always be "connected" with my business? In other words, as far as Canada REvenue is concerned are they 2 different entities? I want to apply for Bus # for a sole propriatorship


View more questions Search