F1-OPT-H1B(Indian citizen)

Question

Feb 27, 2006, 01:21 PM

matt_champ2002

New Member

Join Date: Feb 2006

Posts: 1

F1-OPT-H1B(Indian citizen)

Hi,

Need some help with my tax situation.

Citizenship:India

Came to US: Aug 2002
Have been in US since then.

Worked on OPT status from March 2005 to September 2005

1099 Misc
Amount:16500$(nothing withheld)

H1 status started: Oct 1st 2005 ( Annual salary 46,500$)

W2 details:
Wages:9836.53
Federal taxes, Medicare & social security have been withheld

I am really confused about the whole situation as to which forms i have to file and what deductions i can claim according to treaty with india.

Your help will be really appreciated...

Thank You.

Answers

Feb 27, 2006, 06:25 PM	#2

AtlantaTaxExpert

Senior Tax Expert

Join Date: Feb 2005

Location: Atlanta, Georgia

Posts: 13,322

Matt:

If you file as a resident alien under First Year Choice, you will pay an additional $2,524 in self-employment taxes on the money earned under Form 1099-MISC.

For this reason, you should file as a non-resident alien, which means filing Form 1040-NR with Schedule C. You also need to file Form 8843 one last time for 2005.

Since you are an Indian citizen, you get to claim $3,200 for one personal exemption and $5,000 for the standard deduction.

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