Ask Experts Questions for FREE Help !
Ask
    aks0521's Avatar
    aks0521 Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 8, 2008, 02:03 AM
    l1 tax return
    I'm on an l2 visa and arrived here in US last aug 2007. I'm not working and does not have an SSN or ITIN. My husband on L2 visa arrived here last feb2007. Here are my questions:

    1. can my husband file for a tax under MFP ?
    2. can he file tax exemptions for me and my daughter (4yrs old) even if we do not have ssn or ITIN? I read that he can submit our w7 application along with his tax return but I read also that I cannot apply for ITIN if I'm elegible to apply for ssn.

    What are other options to maximize our tax exemptions ?

    Thanks:confused:
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Apr 8, 2008, 03:02 AM
    If your husband came in Feb 2007 on L1 visa, you can file joint return as residents. You will get standard deduction of $10,700 and exemptions for both of you and the kids.

    You will complete forms W7 (application for ITIN) for yourself and children and attach with your tax return. You can also deduct moving expenses. Use form 3903.
    Read: Your U.S. Tax Return: Moving Expenses

    If you feel you are eligible for SSN, then get SSN and then file your tax return.

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....

Dual Status Return or NR Return [ 1 Answers ]

Hi, I was in US 2006 on H1B since 1st May '06 to 8th May '07 along with Wife and son on H4 My earlier visits to US were as below 2002(H1b) - 92 Days 2003(H1b) - 83 Days 2004 (H1b) - 216 Days (Tax return filed as Dual status) 2005(H1b) - 0 Days 2006(H1b) - 147 Days

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