Ask Experts Questions for FREE Help !
Ask
    sidp15's Avatar
    sidp15 Posts: 6, Reputation: 1
    New Member
     
    #1

    Mar 16, 2013, 11:51 PM
    Tax return for F1-OPT/H1B
    Hi,

    I was on F1-OPT till 30th Dec 2012 (Columbia University) and changed to H1B after that. For the whole year, I was working in a company based in Manhattan. Being an Indian student, I know I can claim standard deduction $5,950 for year 2012. When I used Galcier Prep software to prepare my tax retruns( 1040NR-EZ), it did not generate form 8843 and also included deduction equivalent only to my state and local taxes. (which is lower than the standard deduction $5.950)

    Can I claim standard deduction of $5,950 for year 2012 and file form 8843 ? If I have to file form 8843, what should I write in part III for following question ?
    "Enter the name, address, and telephone number of the academic institution you attended during 2012 ▶"

    I didn't attend Columbia during 2012 but I was on F1-OPT till 30th Sept 2012 issued by Columbia.

    Thanks in advance.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 17, 2013, 04:11 AM
    If you are from India, you can claim the $5,950 standard deduction under Article 21(2) of the U.S.-India Tax Treaty.

    You are still considered to be a student when on OPT, so put your school info on the Firm 8843.
    sidp15's Avatar
    sidp15 Posts: 6, Reputation: 1
    New Member
     
    #3

    Mar 17, 2013, 09:06 PM
    Correction in my first sentence. I was on F1-OPT till 30th Sept 2012 and changed to H1B on Oct 1.

    Jan 1 2012 - Sep 30 2012 F1-OPT
    Oct 1 2012 - Dec 31 2012 H1-B

    I'm planning to file 1040NR-EZ with form 8843. Am I still eligible to claim standard deduction of $5950 on line 11 ? Thanks in advance.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Mar 17, 2013, 09:33 PM
    Yes, you are still eligible for the standard deduction of $5,950.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Tax Return on OPT and H1B [ 2 Answers ]

Hi, First of all let me thank you helping people like me with your valuable advice regarding tax returns. Please go through following scenario and provide me answers. Nationality: Indian Visa status(Till sept 12): OPT Visa Status(From Oct 12):H1 Gross Salary:45506.22 Total Federal...

OPT to H1B Tax return [ 1 Answers ]

I was in OPT till September 31st of 2008. From October 1 2008 I am in H1B. Which tax form should I file? Is it 1040EZ(Non resident) or 1040 (resident alien)? Thanks Ashwin

Tax return for F1-OPT-H1B; [ 9 Answers ]

Dear experts I came to USA on Aug 24 2005 on F1 visa, completed my masters and got onto OPT status starting April 1 2007 and started working for company "X" from April 26 2007 on OPT till sep 30 2007, and continued to work on H1B starting OCT 1st till date. My employer provided me 2 separate W2...

Tax return from OPT to H1B [ 2 Answers ]

Hi, I am on H1B visa since Oct. 1 2008. My OPT expired on June 2008, I did not go gack to Japan for status change from OPT to H1 visa. I was hired the company Novemver 2007. Last year I used 1040ez and 8843 form for tax return. Should I use 1040NR and 8843, instead 1040ez? Also I did...

Tax return from OPT to H1B [ 1 Answers ]

Hi, I am on H1B visa since this Oct. 1. My OPT expired on June 2008, however I did not go back to Japan for this visa status change. I was hired the company Novemver 2007. Should I apply 1040EZ and Form 8843 for 2007 tax return? Or 1040NR and Form 8843? Please give me specific...


View more questions Search