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f1 to h1b taxes reg
I came to u.s. on f-1 from Jan 2003 - Aug 2005
Opt : 25 oct 2005 - 24 oct 2006 h1b : 4 dec 2006 I am working in the state of goergia from jan 2006 till date(Including opt). I'm single and earned about 38K till nov 2006. Though I was not suppose to work during the period of 25 oct 2006 - 3 dec 2006, my employer advised to continue working for the period. I received the W2 with the 38K salary earned. It says that the federal with-holding was $4600 and state tax : 1600. What would be my returns? Further what forms do I have to file for the same? You advise in this regard would be of a great help. |
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You should file as a non-resident alien, filing Form 1040NR or 1040NR-EZ.
If you need professional help doing ANY of this, email me at [email protected]. |
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Thank You.
But again, how would I choose the appropriate form from the two forms that you have mentioned. Forgot to mention one point earlier. The W2 that I have says Federal:3 and State:3 What does that mean. I am claiming as Single and I do not have any assets(like House Mortgage). Further, what are the things that I can exempt from tax? |
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You did not specify from which country you originate, but, based on your name, I will assume it is India.
If it IS India, then it is likely you should file Form 1040NR-EZ, because, as an Indian citizen on F-1 status, you can claim the $5,150 standard deduction on the "Itemized Deduction" line of the Form 1040NR-EZ. This is specifically allowed under the U.S.-India Income Tax Treaty. That $5,150 deduction is most likely a LOT larger than all of the itemized deductions you would claim using Form 1040NR. Also, do NOT forget to file Form 8843 with the Form 1040NR-EZ. Though much of the information IS redundant with Form 1040NR-EZ, the Form 8843 is still required one last time. In 2007, you will be on H-1B for the entire year, at which time you can file as a resident alien, filing Form 1040, 1040A or 1040EZ. Foirm 8843 will no longer be required. |
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