crazee85
Sep 16, 2011, 01:15 PM
My friend came to US in Aug 2007 on F-1 visa. So I understand that his 5-years end in 2011, and he would be a resident alien from Jan 2012.
He will be filing f1040nr and f8843 for the last time for 2011, and will start filing f1040 from 2012 onwards.
However, I had a few questions for the time he will be on F-1 or F-1 OPT in 2012:
- Will he have to pay FICA taxes (social security and medicare)?
- Would the bank interest be taxable or exempt from taxes?
Thanks!
He will be filing f1040nr and f8843 for the last time for 2011, and will start filing f1040 from 2012 onwards.
However, I had a few questions for the time he will be on F-1 or F-1 OPT in 2012:
- Will he have to pay FICA taxes (social security and medicare)?
- Would the bank interest be taxable or exempt from taxes?
Thanks!