1040 nr/1040 nr-ez/1099G/scholarship

Akb01002 · #1 Mar 23, 2007, 10:22 PM

Dear Sir/Madam,

I am a citizen of India and was on F-1 from Aug 2001 to Jan2007, and now I am on OPT. In 2006, I received 2,000$ fellowship (nonemployee compensation) from a NJ based company and 2,000$ fellowship from my school (in CT), in addition, to regualr assistanship from my school. I would appreciate, if you could please provide answers to the following queries:

1) Should I use 1040 NR or NR-EZ to file my returns.

2) Box 1 of W-2 shows total wages of $20596. Does this include the fellowship I received from my school or that needs to be added separately. Sir/Madam, I already recieved form 1042-S, and that does not include any description of 2,000$ fellowship.

3) I also received form 1099-G that suggest a total of $248 in state or local income tax refunds, credits or offset for the tax year 2005. Where should I mention this and what does that mean? (please forgive my ignorance) Also, a received form 1099-Misc from the company with 2000$ mentioned in box 7. reading on this site suggest that i should probably file schedule C or may be schedule C-ez.

4) Am I still eligible for India-US tax treaty deduction under article 21(2) and can I claim the full amount or Is there a limit on the number of years that deduction could be used for?.

5) I used the fellowships towards conferences (travel and symposium presentation). Can I use that as an itemized deduction?

I would appreciate, any feedback on the querries and look forward for your expert opinion. also, how much would it cost for me to get my taxes done by a professional

Thank You in anticipation
Regards,
Akhil

Akb01002 · Mar 29, 2007, 09:19 PM

Quote:

Originally Posted by Akb01002

Dear Sir/Madam,

I am a citizen of India and was on F-1 from Aug 2001 to Jan2007, and now I am on OPT. In 2006, I received 2,000$ fellowship (nonemployee compensation) from a NJ based company and 2,000$ fellowship from my school (in CT), in addition, to regualr assistanship from my school. I would appreciate, if you could please provide answers to the following queries:

1) Should I use 1040 NR or NR-EZ to file my returns.

2) Box 1 of W-2 shows total wages of $20596. Does this include the fellowship I received from my school or that needs to be added separately. Sir/Madam, I already recieved form 1042-S, and that does not include any description of 2,000$ fellowship.

3) I also received form 1099-G that suggest a total of $248 in state or local income tax refunds, credits or offset for the tax year 2005. Where should I mention this and what does that mean? (please forgive my ignorance) Also, a received form 1099-Misc from the company with 2000$ mentioned in box 7. reading on this site suggest that i should probably file schedule C or may be schedule C-ez.

4) Am I still eligible for India-US tax treaty deduction under article 21(2) and can I claim the full amount or Is there a limit on the number of years that deduction could be used for?.

5) I used the fellowships towards conferences (travel and symposium presentation). Can I use that as an itemized deduction?

I would appreciate, any feedback on the querries and look forward for your expert opinion. also, how much would it cost for me to get my taxes done by a professional

Thank You in anticipation
Regards,
Akhil

Thank you very much sir.......for responding to my querries



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!