Ask Experts Questions for FREE Help !
Ask
    deepankr's Avatar
    deepankr Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Feb 19, 2008, 12:33 PM
    Tax query, F1 to H1, no OPT
    Hi ,

    I was on F1 till the end of my MS(20th MAy, 2007) after which I got an Academic H1b from the next day. I did not have an OPT. So, I was partly on F1(from JAn-MAy20, 2007) and on H1 afterwards till the end of 2007 without OPT.

    Do you guys know how's and what's of the taxes I should file.
    I came as a student(f1) in Aug 2004 and therefore haven't completed my 5years total yet (I know there is some 5 yr limit after which you can/cannot file in a certain category, I am not sure though).
    All my past years(2004-2005-2006), I have filed 8843, 1040NREZ and CA540NR(for state).

    Can anyone help how can I take care of the part year F1, part H1? And does not having OPT matter? And can I claim the tax rebate the IRS is giving out this year?

    Any help would be greatly appreciated.

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

    Mar 5, 2008, 02:16 PM
    You are a dual-status alien and must file a dual-status tax return for 2007.

    If you are single, that is your ONLY option.
    deepankr's Avatar
    deepankr Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Mar 5, 2008, 03:47 PM
    Quote Originally Posted by AtlantaTaxExpert
    You are a dual-status alien and must file a dual-status tax return for 2007.

    If you are single, that is your ONLY option.

    Hi Atlanta,

    Thanks very much for your answer. Could you please tell me if I should file as a resident or nonresident for tax purposes? (And what forms are there for dual status filing? Any other info/advise would be greatly appreciated.

    Also, given my situation and my stay (from aug 2004-may2007 F1 and Jul 2007-present H1) total is no 5 years yet, do you think I am eligible for the tax rebate they are talking about this year?

    Thank you very much for your answer. It would be of immense help if you could clarify some of these queries.

    Thanks a lot again
    deepankr
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    Mar 6, 2008, 03:36 AM
    You will file resident tax return and write Dual Status on the top. You will only get exemption of $3,400 and itemized deductions for H1 period.
    If you have any income during F1 you will also do nonresident return for F1 period. You will get treaty benefit on your nonresident 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!

General Tax Query related to Federal and State Tax and Filing Status. [ 3 Answers ]

I am a Married Indian resident. I had visited US in 2006 twice on H1B. I have never been to US earlier. Period of Visit: March 2006-April2006 approx 44 Days - Income from NY. Stayed in NJ August 2006 – Sept 2006 approx 32 Days. - Income from NJ. Stayed in NJ My company paid the salary...

Tax for F-1 visa on OPT with tax treaty, resident alien for tax purpose [ 2 Answers ]

HI--I have multiple "identities" with regard to tax: 1. I'm an F-1 visa holder 2. I'm on OPT from Sept.2007-Aug.2008 3. I have benefits of tax treaty, under which I can be exempted from federal taxes up to $5000 a year for wages, and unlimited amount for fellowship 4. I'm a resident alien for...

Tax query 1099 VS W2 [ 1 Answers ]

I am on F-1 status and currently doing my Co-OP it has only been 2 months since I have been working. I came in US in July-2006 my school is in virginia and currently working in California. Last year I got my full refund for taxes. My current employer does a 1099 instead of W-2 for tax...

Tax Query L1 [ 1 Answers ]

Hi, I'm Indian citizen, I was In US during Feb 2006 to Aug 2006 in Nebraska state on L1 visa. 1 Can you please let me know what forms do I need to submitt ? Is 1040NREZ the only form to submitt for Federal and Nebraska State Form? 2 What form/document should I submitt so that I should...

Tax Query [ 4 Answers ]

If an Indian citizen works for a Canadian company from home in India, is the person eligible for income tax? The salary is wired through the Canadian company.

View more questions Search