Tax Questions
I've been in the US for more than 3 years now. First on F1 and then on
H1. Any suggestions on whether I should file as a resident this year ? What are the advantages/disadvantages in doing so ? Thanks |
Re: Tax Questions
If I remember right, you have to file as resident after 180 days of H1B status. I
think you get to pay more, no advantage. "Andy" > I've been in the US for more than 3 years now. First on F1 and then on > H1. Any suggestions on whether I should file as a resident this year ? > > What are the advantages/disadvantages in doing so ? > > Thanks |
Re: Tax Questions
[email protected] (Andy) wrote in message
news:<[email protected]. com>... > I've been in the US for more than 3 years now. First on F1 and then on > H1. Any suggestions on whether I should file as a resident this year ? Yes you have to file as a resident. View the IRS's "tax guide for aliens". The following is taken verbatim from IRS website: Q: I am a foreign national and last year I changed my type of visa from F-1 student to H-1 work visa. Does my visa status change how I file my tax return or what forms I use? R: It depends on whether or not you qualify as a resident alien. As a foreign national temporarily in the U.S. and now under an H-1 visa, you must file Form 1040NR (PDF), U.S. Nonresident Alien Income Tax Return and Form 8843 (PDF), Statement for Exempt Individuals and Individuals with a Medical Condition (if you do not meet the substantial presence test). In order to file a Form 1040, Individual Tax Return, you must meet the substantial presence test. Please refer to Publication 519 (PDF), U.S. Tax Guide for Aliens, for a discussion of the Substantial Presence Test. http://www.irs.gov/pub/irs-pdf/p519.pdf - IRS Tax guide for aliens > What are the advantages/disadvantages in doing so ? No advantage. As a matter of fact, since you are off F-1 status and now on H-1 you have to end up paying Social Security. This was exempt for you on F status, but now since you are on H status you have to pay. |
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