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  1. Thanks almarlin, I don't qualify for a Roth...

    Thanks almarlin,

    I don't qualify for a Roth IRA anymore (my income exceeds the threshold), so I am stuck with a 401k now anyway. :-(
  2. Answers
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    475

    Excess Roth IRA removal

    Hi,

    I got the following issue: Last year 2010 I put about $3500 in my Roth IRA, but realized then back in Feb 2011 that I exceeded the income limit for contributions by far. Now I sent Vanguard a...
  3. Roth IRA + W8 form - necessary and which one is right for me?

    Hi,

    I am a German citizen in the US since 2001. Since 2007, I am on an E1 visa and I am employed in the US since Oct 2006, before that I was an F1 student. For 2006 I have filed taxes as a...
  4. Ok, Well, wouldn't your (non-binding) advice...

    Ok,

    Well, wouldn't your (non-binding) advice for me then be to keep everything in a 401k, and not put money in a Roth? Because when I ever withdraw money from a 401k in retirement and I live in...
  5. Thank you both for your answers. Since the...

    Thank you both for your answers.

    Since the places I will most likely move to have higher taxes than the US, I am not all that much worried about the taxes I will need to pay when I have a green...
  6. Tricky - 401k vs Roth when potentially moving overseas (non US citizen)

    Hello,

    First of all, kudos to everybody answering questions in this forum. It is great to get such quality advice for free.

    Here my question: I am a German national working here in the US...
  7. Answers
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    1,216

    Transferring money from Germany to USA

    Hi,

    I am planning to transfer money from Germany to the USA (~$50k). Mostly to take advantage of the good dollar/Euro exchange rate right now, since I am thinking about buying an apartment/house...
  8. Answers
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    1,818

    Thanks anyway, AtlantaTaxExpert! Very much...

    Thanks anyway, AtlantaTaxExpert! Very much appreciated!
  9. Answers
    7
    Views
    1,818

    Never mind, I just realized that she makes...

    Never mind,

    I just realized that she makes more than the exemption amount in a year in gross income (and she is older than 24), so she will not qualify anyway as a dependent. I thought she would...
  10. Answers
    7
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    1,818

    @tickle: Sorry, I cut off too much of the top of...

    @tickle: Sorry, I cut off too much of the top of the quote. I added some more text, please look at my original post again.

    It seems that there is an exception, where domestic partners can qualify...
  11. Answers
    7
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    1,818

    Imputed income for domestic partner

    Hi,

    Great forum!

    My employer recently started taxing me for the health care benefits received for my (opposite-sex) domestic partner as imputed income.

    Now I read that according to Internal...
  12. Answers
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    1,214

    Thank you very much! :-) Your help is invaluable.

    Thank you very much! :-) Your help is invaluable.
  13. Answers
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    1,214

    Thanks again for your competent answer. Since...

    Thanks again for your competent answer.

    Since I filed my federal tax 2006 as resident, I filed as part-year resident for MI (01-09/2006) and NJ (10-12/2006). Is that a problem that I should...
  14. Answers
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    1,214

    Thanks for the quick answer. What if all the...

    Thanks for the quick answer.

    What if all the time in 2006 I lived in New Jersey I was still on OPT? I just switched to E1 this month (Apr 2007).

    The residency issue confuses me. Seems that...
  15. Answers
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    1,214

    Foreign citizen: Can I amend homestead credit?

    Here my situation:
    - I lived in Michigan from Aug 2001 until Sep 2006, being a graduate student
    - Started working in New Jersey in Oct of 2006, first on OPT, then on E1 visa

    I have file my...
  16. Hi, I don't have a Form 1098-T from my...

    Hi,

    I don't have a Form 1098-T from my university. However, I have statements of fees stating that I paid a total of $415 in fees in 2006. Can I use these fees for edudation credit or deduction?...
  17. Answers
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    1,106

    Ok, I got all of my account statements from my...

    Ok,

    I got all of my account statements from my German banks together. So, what do I need to do now to report the foreign interest income? I assume I add it to my gross income and also fill out...
  18. Answers
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    1,106

    Thanks, I will try to do it myself, but if I...

    Thanks,

    I will try to do it myself, but if I need help I will definitely contact you for professional help. You (and taxsearcher) have been a huge help thus far, I really appreciate it.

    --...
  19. Hi, I had been a full-time student on F1 until...

    Hi,

    I had been a full-time student on F1 until Sept of 2006, since Oct 2006 I am employed on F1/OPT (I assume I am still considered a full-time student). Until Sept 2006, I was working on campus...
  20. Answers
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    1,106

    Negligible amount of income in Germany

    Hi,

    I am F1 student on OPT, citizen of Germany, in the US since 2001. For 2006, I will need to file my taxes for the first time as a resident.

    Now I read that I need to report my world-wide...
  21. Adjustments and deductions for German citizen on F1/OPT

    Hi everybody.

    In this awesome forum I learned thanks to AtlantaTaxExpert and taxsearcher (https://www.askmehelpdesk.com/taxes/resident-non-resident-63992.html) that I need to file my taxes as a...
  22. Answers
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    908

    Ok, I informed my current employer (for who I...

    Ok,

    I informed my current employer (for who I have been working since Oct 2006, the start of my OPT) and they said:

    "Thank you for informing us about exceeding the 5 year exemption period of...
  23. Answers
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    908

    Hi, I notified my employer now, let's see what...

    Hi,

    I notified my employer now, let's see what happens.

    But I am still not clearly, your answers seem to be contradicting. If I am exempt from FICA while on F1, why would I have to pay some...
  24. Hi danielo, Check Pub 519, it explains it in...

    Hi danielo,

    Check Pub 519, it explains it in detail.

    -- Sascha
  25. Answers
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    908

    FICA taxes when filing as resident

    Hi everybody,

    I have already learned in this great forum (https://www.askmehelpdesk.com/taxes/resident-non-resident-63992.html) that I need to file taxes for 2006 as a resident (thanks to...
  26. Answers
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    1,299

    Thanks Atlanta Tax Expert, you guys are...

    Thanks Atlanta Tax Expert, you guys are life-savers.

    I quickly filled out the form and it looks like I get $400 more back as a resident than as a non-resident.

    Do I still need to include form...
  27. Answers
    17
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    1,299

    Thank you both sooo much for your quick replies....

    Thank you both sooo much for your quick replies. So I will file a 1040 (not NR) for all of 2006.

    What is the difference between filing as resident and non-resident. Can I expect my return to be...
  28. Answers
    17
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    1,299

    Resident or Non-Resident?

    Hi,

    I am an F-1 student currently on OPT. I came first to the US on an J-1 visa in Aug of 2001, and then switched to F-1 in April of 2002. I did not file a tax return in 2001, since I did not have...
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