Ask Experts Questions for FREE Help !
Ask
    bartosz's Avatar
    bartosz Posts: 3, Reputation: 1
    New Member
     
    #1

    Jan 7, 2008, 01:53 PM
    H2B tax return
    Hi, I am a polish student who spent less than 183 days in 2007 in USA, MD with H2B visa. Now I would like to prepare my tax return and... here it starts. I would like to use the form 1040 nrez - should it be OK, are there any other forms that need to be used. Are there any exempts (I am single) that I can use to obtain as much tax return as possible? I would appreciate any info.:confused:

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

    Jan 7, 2008, 07:36 PM
    If you are a student, yet earned money while in school, you had MOVING expenses when you came to the U.S.

    So if you file Form 1040NR instead of 1040NR-EZ, you can deduct the moving expenses using Form 3903.

    Other than that, you should be okay.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #3

    Jan 8, 2008, 01:27 AM
    bartosz will only get exemption deduction of $3,400.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Jan 8, 2008, 07:22 AM
    Agreed!

    No standard deduction because he is filing as a non-resident alien, and he CANNOT file as a resident under First Year Choice because he is single.

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!

Average rate of return, net present value, internal rate of return, & payback period [ 3 Answers ]

CAM Company is evaluating a project requiring a capital expenditure of $619,200. The project has an estimated life of four years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year Net Income ...

Filing status different for Federal return and State return [ 1 Answers ]

Can I use a different filing status for Federal and State? I got married in October last year, but I and my wife were residing in separate states till early 2007. So, on Dec 31st we were married but did not stay together. For the state I guess we cannot file JOINT because of different states....

Return on Assets & Return on Equity [ 1 Answers ]

Question... Lily Cosmetics has annual sales of $500,000,000. They maintain a net after tax profit margin of 5% and they have a sales-to-assets ratio of 4. A) What is the Return on assets? B) If the debt/equity ratio is 0.5, what is the Return on Equity?


View more questions Search