Hello,

I am a bit confused on what forms to use to file my taxes.

I have been in US since August 2003. Till November 14, 2005, I was on F-1 visa and since then I am on H1B visa.

I believe that I can use the First year choice and file as a resident in 2005, if I am resident in 2006. For that I would have to file for extension through form 4868.

a) I would like to know which forms I need to file.
b) Am I eligible to take the standard deduction of $5,000? (I am an Indian citizen)
c) Am I eligible to take $2,000 tax credit for the tution fees paid for my MBA degree in 2005?

If I could not file under the first year choice, how could I file my return? Will I need to use form 1040 NR in that case.

Will I be eligible to get the standard deduction under form 1040 NR as I am an Indian citizen?

I know I have asked a lot of questions but every bit of information will be helpful and appreciated.

Thanks alot in advance.

AtlantaTaxExpert

You must file Form 1040, filing under First Year Choice in June 2006, to claim a $5,00 standard deduction and your $2,000 tuition credit.

You cannot claim the tuition credit if you file Form 1040NR.