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Search: Posts Made By: tom169
Showing results 1 to 10 of 10
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Forum: USA
Feb 16th 2018, 1:36 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

If you're a dual status you cannot e-file.

Please read https://www.hrblock.com/tax-center/filing/personal-tax-planning/resident-dual-status-alien-taxes/. I know the tax code is a PITA the year you...
Forum: USA
Feb 16th 2018, 3:28 am
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

Yes, if you pass 183 days in 2017 you pass Substantial presence test.

If you want to efile you will need to do a married file separately dual status return.

If you want to married file jointly...
Forum: USA
Feb 10th 2018, 5:15 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

The main difference is that your tax residency (and therefore reporting requirements) would begin January 1st rather than day you arrived if you elected to be resident the entire year.

You can...
Forum: USA
Feb 10th 2018, 4:49 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

You have passed the substantial presence test and were a tax resident from the day you entered the US. This would make you a dual status resident. You can only file married file separately.
...
Forum: USA
Feb 10th 2018, 3:48 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

Google S&P 500 Index Fund if you're wanting a fund that basically follows the stock market. Probably the easiest investment one could make.
Forum: USA
Feb 10th 2018, 3:45 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

You may find it very tax advantageous to elect to be a resident alien for the entire year and then report your worldwide earnings. You can then file married file jointly.

This is what I did the...
Forum: USA
Feb 10th 2018, 2:28 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

I'm not anywhere near a tax expert, but I went through this last year DIY.



IRS and USCIS define residency differently. If you plan on filing MFJ then you need to elect to be a resident for...
Forum: USA
Feb 8th 2018, 4:38 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

Sure, but that's only a refund of $650. We're talking thousands here.

Still, $650 invested appropriately last year could have become $800. Rather it be in my pocket than an inefficient machine's.
Forum: USA
Feb 8th 2018, 3:05 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

People need to discover auto drafts into investments/savings account. :nod:
Forum: USA
Feb 7th 2018, 8:47 pm
Replies: 75
Views: 5,707
Posted By tom169

Re: My first employed tax return.

Remember that a refund is just the IRS paying back an interest free loan of your money. It's not a good thing.

You'll want to review your withholdings going forward.
Showing results 1 to 10 of 10


 
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