1099 taxes for Indian F1 student
Hi AtlantaTaxExpert
Thank you in advance for your time. I truly appreciate you sharing your knowledge and helping everyone out.
I am currently an undergraduate student, on an F-1 Visa. I am studying in MA and am a citizen of India. I arrived in the US on August 2003. Starting from my freshman year I had a paying on-campus job, which provided me with a W2 form for taxes. I have discontinued that job since May 2006. I have also been doing a number of paid internships over the last few semesters. All my internships have been done for academic credit, as is required, and with CPT approval from the international students office. The internship I did during the spring semester of 2006 was initially unpaid, they only reimbursed me for travel expenses. However, half way through the semester, the employer agreed to pay me, but said they would not provide me with a W2, and that instead I would need to file a 1099 form. I checked with my IS office and they confirmed that this was fine for an Indian student on a F-1 visa. Then, during this past summer (2006), I completed an internship with another company, and they too have paid me an hourly wage and requested that I file a 1099 myself. In the coming fall semester, I will be working at another company, where again I will be paid an hourly wage and need to file a 1099.
My question is will it be all right to file the W2 (for wages from my on-campus job till May 2006) along with 3 different 1099s for this tax year? Also, will the filings of all these taxes need to be done in April 2007? I have also heard there is some quota ($7950?) that if exceeded by your earnings, then state taxes need to be paid as well? Is this particular to MA?
Once again, thank you so much for your invaluable help. I look forward to your response.
Vijay