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  1. AtlantaTaxExpert: From the original posting,...

    AtlantaTaxExpert:

    From the original posting, it seems that he worked in PA and lives in CT. If that being the case, he needs to file for both the States.

    Indian CPA
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  2. Answers
    3
    Views
    317

    Sudip, Since you had income/salary just under a...

    Sudip,
    Since you had income/salary just under a month, you may not benefit from filing jointly, unless the income received was very high. In order to file jointly as residents, you should be in US...
  3. Answers
    6
    Views
    847

    The amount received seems low. You do not have to...

    The amount received seems low. You do not have to be concerned about estimated tax payment.

    Indian CPA
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  4. You should be filing for both the states. PA and...

    You should be filing for both the states. PA and CT do not have a reciprocal agreement.

    Indian CPA
    www.indiancpa.com
  5. Yes, you should be filing 1040. Indian CPA...

    Yes, you should be filing 1040.

    Indian CPA
    Home - Indian CPA
  6. You do not have to pay for the period Jan-Sep.

    You do not have to pay for the period Jan-Sep.
  7. While on OPT you do not have to pay Social...

    While on OPT you do not have to pay Social Security and Medicare Taxes. Once your Status is changed to H1, you will start paying.

    Indian CPA
    Home - Indian CPA
  8. If your wife do not have high income from India,...

    If your wife do not have high income from India, you will be better off filing Joint as residents.

    Indian CPA
    Home - Indian CPA
  9. Answers
    12
    Views
    748

    Isavana: First check on if were insolvent just...

    Isavana:

    First check on if were insolvent just prior to the short sale. (List all your assets and liabilities including the rental property). If you were insolvent, you could exclude the...
  10. Answers
    7
    Views
    1,643

    Just the box for 941. Indian CPA Home -...

    Just the box for 941.

    Indian CPA
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  11. Question: Tax refunds

    by Indian CPA
    Answers
    3
    Views
    784

    You cannot amend the returns beyond the 3 years...

    You cannot amend the returns beyond the 3 years allowed.

    Indian CPA
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  12. Since you wife intends to join you in December...

    Since you wife intends to join you in December or before you file the return, applying for ITIN should not be an issue.

    Married with one allowance should give a decent refund.

    Indian CPA...
  13. Answers
    4
    Views
    863

    Yes, its retrospective.

    Yes, its retrospective.
  14. Answers
    3
    Views
    432

    I agree with AtlantaTaxExpert. Also do note that...

    I agree with AtlantaTaxExpert. Also do note that you will need an ITIN to file your 1040NR

    Indian CPA
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  15. Answers
    12
    Views
    748

    If it is your primary residence you may be...

    If it is your primary residence you may be eligible for relief under the Mortgage Forgiveness Debt Relief Act for up to $2 Million.

    Indian CPA
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  16. Once the debt is settled, follow up with the...

    Once the debt is settled, follow up with the credit card company to update the credit bureaus on the settlement. This will improve your credit.

    Cancelled debt will be considered as Income and you...
  17. Answers
    7
    Views
    1,643

    AtlantaTaxExpert is correct.

    AtlantaTaxExpert is correct.
  18. If you are just a Shareholder and have a passive...

    If you are just a Shareholder and have a passive investment, you do not have to withdraw a salary. If the Shareholder is also an officer, the Corporation should pay a reasonable salary. What is...
  19. Use of one of the payroll calculators to figure...

    Use of one of the payroll calculators to figure out the taxes. You can try one at PaycheckCity.com | Paycheck Calculator

    Indian CPA
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  20. Answers
    3
    Views
    1,595

    Unlike Value Added Tax (VAT) in many Countries,...

    Unlike Value Added Tax (VAT) in many Countries, Sales tax imposed by States in US are not refundable.

    Indian CPA
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  21. There isn't a simple Yes or No answer. If the...

    There isn't a simple Yes or No answer.
    If the disability payments are from a private policy that you made premium contributions to (not part of a State program or entirely funded by employer...
  22. Since you are on an H1B, You are subject to...

    Since you are on an H1B, You are subject to Federal, State and FICA taxes. If you chose to file as a Resident, you will need to include your Income from India during the year. Will have to look at...
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