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F1 student used the turbo tax for federal tax

Asked Dec 30, 2010, 10:18 PM — 5 Answers
Hey there,
I think I am in big trouble due to the wrong tax submission.
So as a F1 student, I used turbo tax software (NOT 1040 NOT 1040NR)to do my tax two years in a row and NOW I realized that it is WRONG! I am trying to fix the mistake ASAP. So should I contact the local IRS, ask them to know the situation first, beg for waiving the penalty/interest and send all the money back?
Thanks. I should of done more research before listening to my friend..

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5 Answers
AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
  
#2

Dec 31, 2010, 06:45 AM


First, you are NOT in BIG trouble.

You made a mistake that is all too common with F-1 students, one easily corrected by amedning the return using Form 1040X and attaching properly-prepared Forms 1040 and 8843. You need to ask that the IRS re-instate your non-resident alien status.

When you originally filed, did you claim any education credits or deductions?

Also, what is your home country?

If you need professional help, email me at dpmtax@mail.com,
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fragile1's Avatar
fragile1 Posts: 3, Reputation: 10
Junior Member
  
#3

Dec 31, 2010, 07:33 AM
Happy New Year!

Thanks so much for your reply! I really appreciate it! So I am from China. I filed the tax form in March of 2008 and 2009, all by myself. I did not claim any education credits or any deductions, however, I got the stimulating money which is about 600 dollars for 2008 and 300 dollars for 2009--After reading the posts here, I realized that I should of not taken those money. I am worried about the situation and will contact IRS this Monday, hopefully they can waive my penalty..
Again, thanks so much for your kind help!
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AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
  
#4

Dec 31, 2010, 08:38 AM


If you paid state income taxes on your F-1 income in 2008 and 2009, you will be able to claim the withheld taxes as an itemized deduction.

PLUS

You can claim a $5,000 treaty exemption under the U.S.-China Tax Treaty.

This combination MAY result in you not owing as much as you think you may, though you DO have to return the credits you cited above.
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fragile1's Avatar
fragile1 Posts: 3, Reputation: 10
Junior Member
  
#5

Jan 3, 2011, 03:08 PM
Thanks so much for the great help! I am filling out the 1040x form and 1040 NR EZ (both 2008 and 2009) and will send them to IRS ASAP. At the same time, I will write a letter, asking IRS to waive the penalty!
Thanks again for the great help!
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AtlantaTaxExpert's Avatar
AtlantaTaxExpert Posts: 19,866, Reputation: 3723
Senior Tax Expert
  
#6

Jan 14, 2011, 11:55 AM


Glad to help!

Email me at dpmtax@mail.com if you decide you need professional help to file the amendments otr your 2010 tax return.
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