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    tax_return's Avatar
    tax_return Posts: 2, Reputation: 1
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    #1

    Jan 20, 2008, 04:30 PM
    L1 visa holder-Filing Tax Return for individual
    Hello,

    I am working in US since 15'th SEP 2007 on L1 visa.
    I will be filing my tax returns for the first time this year. I will be staying in US till 16'th MAR 2008.
    When I landed here I had to fill-u W2 tax declaration form & hand it over to my employer. I filled it with total coming to "3". Now every month my tax is being deducted from my salary.
    My 2007 income in US was approx 15-16 thousand.And my income for 2008 till march would be approx 8k. These figures are after tax deductions.
    My question is : After filing the tax returns will I be getting back any money for excess tax payment? I am asking this because I heard that for a financial year [jan-dec] one is eligible for tax on amount earned above 10,000$... so in my case for 2007, taxable income will be lets say 15000-10000 = 5000. Whereas I paid tax on 15K$...

    Same applies for year 2008.
    Expert help is appreciated.

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

    Jan 20, 2008, 07:40 PM
    Need to know your home country. The tax treaty may dictate whether you owe taxes or not.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jan 21, 2008, 06:00 AM
    L1 visa is work permit visa. So your income is subject to FICA taxes and income taxes. For 2007 you are nonresident, so you can claim only personal deduction of $3,400 and itemized deduction. You can't claim standard deduction of $5,350 unless there is a tax treaty provision.

    Also on your W4 you claimed 3 allowances. Normally a nonresident can claim only 0 or 1 allowance.
    Now if we know your country, total wages, taxes withheld, only then we can tell you if you will get refund or will owe tax.
    tax_return's Avatar
    tax_return Posts: 2, Reputation: 1
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    #4

    Jan 21, 2008, 09:36 AM
    Thanks for the response... my home country is india. Hope this helps you in answering my question
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #5

    Jan 21, 2008, 10:35 AM
    Agreed; you are liable for FICA and income taxes, because your income ampounts are in dollars, which seems to indicate that you are being paid by a U.S. affiliate.
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    #6

    Apr 4, 2008, 07:29 PM
    Can My Children Get Ssn If They're L2 Visa Holders So I Can Declare Them When Filinf For My Tax Return
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