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    ank_8220's Avatar
    ank_8220 Posts: 3, Reputation: 1
    New Member
     
    #1

    Jan 22, 2007, 05:37 PM
    F1 - opt -H!
    This was my status

    On F1 - From Jan 1 to May 15 (2006)
    On Opt from May16 - oct 1 (2006)
    On H1 - from Oct 1 - Dec31 (2006)

    Under what status do I file my taxes in. Will I be eligible for any deductions and will I get my social security and medicare back (that I paid during the H1)

    ANy input will be highly appreciated.


    Thanks

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

    Jan 22, 2007, 10:51 PM
    Ankur:

    You should file as a non-resident alien. You CAN file as a dual-status, but that is a complex return which usually offers no benefit over filing as a non-resident alien.

    If you are Indian, you can claim the $5,150 standard deduction as a student on F-1 status, plus your $3,300 personal exemption.

    When you converted to H-1, you become liable for Social Security and Medicare taxes, so that withholding is correct.
    ank_8220's Avatar
    ank_8220 Posts: 3, Reputation: 1
    New Member
     
    #3

    Jan 23, 2007, 10:34 AM
    Thanks for your prompt and quick reply.

    I have two more questions. Can I claim the deductions for the fees that I paid for my masters when I was a student ? After my status changed to H1 I bought books for CFA and I am planning to take the exam in June?. Can I claim those expenses.


    Where can I go to get my taxes filed at a reasonable price? How much do you charge for the service?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Jan 23, 2007, 11:03 AM
    I posted an answer to this question on the other posting.

    Contact me at [email protected] to discuss fees.

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