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    raj999's Avatar
    raj999 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 20, 2008, 12:36 PM
    f1 to h1b - oct 2008, nre account
    Hi experts

    My question is:
    I am an indian citizen. I was on opt fron 1 jan08 and from 1 oct 08 on h1b. From jan 08 I am in Colorado.
    I will be opening an nre account:
    1) if balance is more than 10000$, then do I have to fill form TD F 90-22.1 ? Do I have to fill it or only usa citizens?
    a) do I have to pay taxes on its interest?
    2) do I come under resident or non-resident alien category?
    3) what all tax forms will I have to fill
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Oct 20, 2008, 10:34 PM

    On F1/OPT you are exempt from residency. On H1-B you do not meet substantial presence test.
    If for 2008, you file non-resident tax return, then you do not file TD F 90-22.1.

    On the resident return, you will report your worldwide income.
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