Ask Experts Questions for FREE Help !
Ask
    kaushik's Avatar
    kaushik Posts: 20, Reputation: 1
    New Member
    		  
    #1

    Mar 27, 2008, 08:36 PM
    Federal tax inquiry?
    Hello Atlanta tax expert :)

    Hope your doing well? Could you please clarify the following questions with regards to my federal tax return for year 2007.

    1. I'm a citizen of India currently employed in the US on H1-B visa since Oct. 2007. I've been in the US since, Aug 2004 on F1 visa. I have received 1099 form from the US bank towards the interest that I have earned in 2007. Is this taxable for NRI? My I-94 still is in the F1 status since, I haven't got my H1B stamped.

    2. I purchased a laptop which I use for both office and personal work. Can I claim this under office expenses? If so, how do I claim the expenses towards the laptop purchase?

    3. I make monthly donations to UNICEF and would like to know if I could claim the money spent towards donation?

    4. I'm currently renting an accommodation for living. Can I claim rental expense as a deduction? How would I do this?

    Thank you and look forward to your earliest response.

    Kaushik
    charlotte234s's Avatar
    charlotte234s Posts: 1,903, Reputation: 143
    Ultra Member
    		  
    #2

    Mar 27, 2008, 08:46 PM
    I know that the donation to unicef is tax-deductible, but renting an accommodation is not. I'm sorry I can't be of more help, but those are the ones I know about. Good luck!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Mar 28, 2008, 03:50 AM
    You will file nonresident tax return. Your interest income is taxable if you have H1-B income.
    Car for personal use, rent are not deductible. Does your employer require you to have a laptop, then you can claim a part of it, else no.
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!

General Tax Query related to Federal and State Tax and Filing Status. [ 3 Answers ]

I am a Married Indian resident. I had visited US in 2006 twice on H1B. I have never been to US earlier. Period of Visit: March 2006-April2006 approx 44 Days - Income from NY. Stayed in NJ August 2006 – Sept 2006 approx 32 Days. - Income from NJ. Stayed in NJ My company paid the salary...

Document to File prooving exemption of NY State tax and the Federal tax: F1 Status [ 1 Answers ]

Hi experts' Hi What should my employer file, to exempt me from Federal and state tax, I am in NY, and live in NYC, My Visa status is OPT... F1 JazZ

How much state tax and federal tax do I have to give [ 1 Answers ]

Hi, I am on OPT right now and I am working in virginia. Could some please tell me how much state tax and fedal tax, I have to give from my salary each month?

Federal Wage information is missing in my W2. How can I pay my Federal tax? [ 5 Answers ]

Hi, Last year, I was working as F1 in OPT. As F1, I can exempt from society security tax and medicare tax. But the accounting company also exempted my Federal tax and told me that was the way to do it. I thought I could report my Federal tax later, so I let it go. But right now, I get my...

View more questions Search