This is the first year that my security deposit for my apartment has started to earn interest (it is entirely managed by the rental company). I am totally frustrated with how this is turning out. So for $850, I earned $11.34 interest (horrible rate, but that's not the point). Out of which an...

In December, I settled a $6,600 debt with Discover Card for $2,500 on my own, without a debt settlement agency. Although I received an acknowledgement letter stating that the debt was settled in full, I did not receive a 1099-C to file with my taxes. Should I claim the $4,100 as income for last...

I have been on F-1 visa since Aug 2001, and then on F-1/OPT till Feb 2005. I converted to H-1B on Mar 1st 2005 which I still maintain. I got married Feb 2006 and my wife is also currently on H-1B. I also have some interest income (1099-INT) during 2005. 1. Do I meet the Subst. Presence Test to...

Hi ATE, I am following this forum for last couple of months. It is a very good source of tax information. I am non-resident alien from India. I was on F1 (OPT) from Jan 06, 2005 to Nov 30, 2005. My H1B status started on Dec 01, 2005. I am filing 1040NR-EZ and Form 8843. I have received...

HI ATE, Thank you for reply. I always thought that 1099-INT (Interest income) from non-business activity such as savings/checking account interest, deposit receipt interest or anything that comes under category 1099-INT is exempt for non-residents and should not reflect on 1040NR-EZ. What do...