Check out some similar questions!

nataliab · Mar 21, 2011, 04:53 PM

Hi I have been in US since August 2005 as an F1 student. I graduated May 2010 and starting June 1 I have been on the OPT. The forms that I have received for 2010 tax purposes are: form 1098-T from the university that I was on full scholarship and another 1098-T form for a community college that I paid for with my own money (I took a few extra classes there on top being enrolled in the university)
1) I was wondering if I can get any money back for the community college that I paid for?

I also received form 1042-S from the university where I had a full scholarship. They withheld 925.27 federal tax. (I'm Polish resident and they said tax treaty with Poland is 5 years so they had to withdraw that money from me).
2) Can I get any of that money back?

I also received a 1099-MISC form from the place where I was helping out in the summer for only a couple months. In the box for nonemployee compensation there is 1237.00 and in the box for federal income tax withheld there is nothing (blank).

Given all the information: 4) What all forms do I need to fill out for 2010?
5) Am I still considered Nonresident Alien or am I a Resident Alien?
6) Do I owe any money or I will be given any money back?

Please, help!

MukatA · Mar 22, 2011, 02:49 AM

You will file resident tax return Form 1040.
1098-T. Tuition and fee deduction is not available in 2010. For graduate students scholarship for tuition and fees is not taxable income.
1099-misc (nonemployee compensation) income: You will report your income and business/work related expenses on schedule C or C-EZ (Form 1040). Then you put net income (or loss) on line 12 of Form 1040. This income is subject to SE tax at 15.3% (this is shown on line 57 of Form 1040). For this you will use schedule SE (Form 1040). Self employed, independent contractor or sole proprietor Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor

nataliab · Mar 22, 2011, 09:11 AM

When I took classes at the community college I was not a graduate student yet. Does that change anything?
Also, I used free turbotax program and after competing it showed federal return of $700. I didn't submit it because I wasn't sure if this is the right way for me since I'm international?

MukatA · Mar 23, 2011, 12:09 AM

For 2010 you are resident of US so you can use Turbotax to do your resident tax return. Make sure to enter all tax documents in turbo tax.

nataliab · Mar 27, 2011, 12:11 PM

Okay I still have 2 concerns remaining.

1) I also received 1042-S. Do I need to do anything with it? There is nowhere on Turbo Tax for me to "check" that this is one of the forms I received. Everything else is fine.

2) On the form 1099-MISC the amount of money is put in box 7 as nonemployee compensation however the place where I did my work was only a one-time thing and I haven't done it before and I will not do it again, (also the amount is small) so they told me to consider it "other income" when I fill out my 1040 form. Is that a right thing for me to do? (even though on the form it was in box 7 and not box 3)?

MukatA · Mar 28, 2011, 01:04 AM

1. Report 1042-S income in same line where you report W-2 income.
2. For 1099-misc income use schedule C. You must pay SE tax at 15.3%

nataliab · Mar 28, 2011, 01:37 AM

1) Do I have to fill out schedule C? When I tried using turbo tax it told me that I can considered it "other income" instead of a business.

2) can I use turbo tax and efile even though I have a 1042-s form?

nataliab · Mar 29, 2011, 10:00 AM

I have received form 1042-S from University where I had a full scholarship.

All the info that is on it:
Box 1: Income code 15
Box 2: Gross Income : 6609.03
Box 5: Tax rate 14.00
Box 7: Federal tax withheld 925.27

My questions is: do I have to put any of that information on form 1040? If yes, then where (what lines)?

nataliab · Mar 29, 2011, 10:01 AM

Also, do I have to attach the 1042-S with all my tax documents and send it out?

nataliab · Mar 29, 2011, 10:34 AM

I have found among questions that have been answered here a couple years ago, that:

From form 1042-S
I should put amount given to me in box 2 in box 7 on 1040 form, but on the dotted line write "SCH 6609.03"
The amount from box 7 (federal tax withheld) I should put in box 61 on 1040 form, but on the dotted line write "1042-S".

HOWEVER, the exemption code given to me on form 1042-S is 0.00. US have tax treaty with Poland but its only for 5 years and I have been here longer than that.

SO DO I STILL PUT THE AMOUNT OF TAX WITHHELD IN BOX 61 OF FORM 1040?

PLease, help! The last 3 posts are all from me!