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

    Mar 6, 2008, 03:28 PM
    Foreign Income queries
    Hi
    I have been in US since March 2007 with my employer one of the Indian IT companies
    In Jan 07, Feb 07 I received Indian salary from my employer - taxes were deducted as well. In April I received a bonus again in india and taxes were dedcuted.

    From March 07 onwards I have been drawing my salary in US and my W2 contains the US income. I did not have any Indian salary for that period other than the bonus mentioned above. I understand for Tax purposes I am a resident having spent more than 183 days

    Here are my questions
    1) I understand I should be declaring my Indian income and claiming tax credit for that. But does that income need to be of Jan and Feb when I was not a resident of US, i.e should I declare my entire Indian income for year 2007 or do I need to declare my income received only for the period while I was living in US

    2) What are the supporting documents do I have to attach along with the 1116.
    Is the supporting documents like pay stubs of foreign income is required while filing the return?

    3) If I am applying for TIN number(using W7) for my wife while filing federal return,
    Then I cannot file my state return until I get my wife's TIN.


    Sorry for this huge post - replies would be extremely appreciated
    Thanks
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Mar 6, 2008, 10:40 PM
    1. You must declare your foreign income even when you were not in the U.S.
    2. No supporting document is required. You may need it if IRS questions it.
    3. yes, you will apply State return only after you get ITIN. If you feel that you will miss the filing due date, then apply for an extension.

    Your post is huge, but it is clear and well stated.

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!

Foreign Income and Income Tax in 1040 [ 14 Answers ]

Can anybody suggest where to include Foreign Income and Income Tax in 1040 form. I am basically dual status alien but want to make "Resident for Full year" choice which necessiates to include my worldwide wages. I am married. To make this choice what suppose to provide to IRS and how to...

Queries/Filing Income tax return on L1 [ 3 Answers ]

Hi, I am in US Texas from 15th Oct 2007 to 31st March 2008 on L1 Visa.My questions are 1.Will I need to pay Fedral Taxes in US. 2.If no,How and when should I apply for Tax returns in US which has already been dedcuted(Fedral tax). 3.Which are the Tax return forms? 4.Can you please let me...

Foreign income [ 1 Answers ]

When you have been working in a foreign country, is vacation time counted for your time out of the us or is it not counted as part of the number of days required?

Foreign income taxes [ 4 Answers ]

My daughter worked in the US for the first six months and in the UK for the last 5 months of 2006. Roughly calculating her taxes she would get a sizeable refund if she only declared her US income and a much smaller refund if she declared all income and filed Form 1116. Must she declare ALL foreign...

2006 taxes: F-1 OPT Income & Foreign Income [ 4 Answers ]

Hi, I have a somewhat complicated question about my 2006 taxes... I came to the US in 2001 on a student visa (F1). After I finished my degree I worked one year under OPT, and I left when my OPT/visa expired in May 2006 and went home to my native country and got a job there. So basically I...


View more questions Search