Tax Returns for married H1 worker
Hi Experts,
I am in Arkansas state US on H1B along with my wife (H4) since Aug 13, 2006. I am getting US salary here since that time. Before coming to US I was getting indian salary for which I have paid taxes in India. In my W2, only US salary is mentioned. My wife is not earming any income in US/India. I was in US on business visit (B1) before from Oct 2004 till Jan 10 2005.
I have prepared return forms by consulting with one of the reputed Tax Professionals. But I still have doubts whether I'm doing the right thing.
1. Do I file as a non-resident-alien (married filing jointly) or as a resident alien (married filing jointly). I have filled 1040EZ form. Is that correct? Is it true that if I extend my filing dates, I can become resident alien. But Still I'm not clear about the difference.
2. Do I need to mention my Indian salary (earned before aug 06) while filing tax returns in US? I have not included as I have paid taxes in India and will be filing for returns there also.
3. Which form should I use to file my US tax returns? -- what are the advantages/disadvantages of filing returns as resident/non resident alien?
4. What are the consequences of filing wrong form?
I want to re prepare my return forms if required. Can I ask for a reimbursement of the money from the tax consulatnt who helped me? I wuld appreciate if anybody will help in filing the returns without any errors. Kindly reply me to the e-mail id with the price list.
Thanks very much for your help.
-Sagar
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