Taxation for a new ex-pat living in U.S. on H1B
#1
Just Joined
Thread Starter
Joined: Mar 2008
Posts: 2
Taxation for a new ex-pat living in U.S. on H1B
Hi
Very new to all of this, but have a question. I am in the process of completing my tax return for the first time. I arrived in the U.S. on Sept23rd 2007 on a H1B (with my wife on a ?1B) - i have my W2 from my employer and have not made any significant life changes while being here.
Is there anything i should look out for and can i just fill out using TurboTax?
Thanks in advance for your words and advice
Best....Daniel
Very new to all of this, but have a question. I am in the process of completing my tax return for the first time. I arrived in the U.S. on Sept23rd 2007 on a H1B (with my wife on a ?1B) - i have my W2 from my employer and have not made any significant life changes while being here.
Is there anything i should look out for and can i just fill out using TurboTax?
Thanks in advance for your words and advice
Best....Daniel
#2
Just Joined
Joined: Feb 2008
Posts: 19
Re: Taxation for a new ex-pat living in U.S. on H1B
You can claim for *all* of your relocation expenses because you moved here for work.
If your credit exceeds your tax paid for 2007, you can carry it over to the next year.
You can claim the professional services fee paid to the accountant who prepared your tax return.
Don't be cheap, get a good tax person - preferably one who used to work for the IRS. You will save thousands. Erm, as in we re-filed our taxed for three years and he found $22k that the corporate tax people had neglected to advise us of. And no, that wasn't based on a $500k salary!
If your credit exceeds your tax paid for 2007, you can carry it over to the next year.
You can claim the professional services fee paid to the accountant who prepared your tax return.
Don't be cheap, get a good tax person - preferably one who used to work for the IRS. You will save thousands. Erm, as in we re-filed our taxed for three years and he found $22k that the corporate tax people had neglected to advise us of. And no, that wasn't based on a $500k salary!
#3
Just Joined
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Joined: Mar 2008
Posts: 2
Re: Taxation for a new ex-pat living in U.S. on H1B
thanks v. much.
*All* my relocation expenses were absorbed and/or reimbursed by my company, i am not out of pocket for anything i don't think?
*All* my relocation expenses were absorbed and/or reimbursed by my company, i am not out of pocket for anything i don't think?
#4
Re: Taxation for a new ex-pat living in U.S. on H1B
Have you met the residence requirements for 2007? i.e., been in the country for X number of days? If so, just file a regular 1040 or 1040EZ online .
#5
Just Joined
Joined: Feb 2008
Posts: 19
Re: Taxation for a new ex-pat living in U.S. on H1B
Then again, what about the rule that says how long you need to be working in the US in order to have to file a ta return . . .
#6
Re: Taxation for a new ex-pat living in U.S. on H1B
I have a tax question about the last year in the US on H1b.
We left the US on the 13th of July 07 and moved to Canada (having been in US for four and half years, hubby on H1b and me and kids on H4's) and I really do not understand which forms we should be filing now. We have not been able to get through to the IRS as the phone number they have on the site is a 1800, which won't let us connect from Canada.
They suggest using the London office for info, but it's the middle of the night here when they are available on the phone, and when I emailed them, they told us to fill out both a 1040 and a 1040NR and read publication 519.
Is that right, does any bright spark know?
I am particularly dim when it comes to trying to understand publication 519, which is why I emailed them in the first place.
We left the US on the 13th of July 07 and moved to Canada (having been in US for four and half years, hubby on H1b and me and kids on H4's) and I really do not understand which forms we should be filing now. We have not been able to get through to the IRS as the phone number they have on the site is a 1800, which won't let us connect from Canada.
They suggest using the London office for info, but it's the middle of the night here when they are available on the phone, and when I emailed them, they told us to fill out both a 1040 and a 1040NR and read publication 519.
Is that right, does any bright spark know?
I am particularly dim when it comes to trying to understand publication 519, which is why I emailed them in the first place.
#7
Just Joined
Joined: Feb 2008
Posts: 19
Re: Taxation for a new ex-pat living in U.S. on H1B
I have a tax question about the last year in the US on H1b.
We left the US on the 13th of July 07 and moved to Canada (having been in US for four and half years, hubby on H1b and me and kids on H4's) and I really do not understand which forms we should be filing now. We have not been able to get through to the IRS as the phone number they have on the site is a 1800, which won't let us connect from Canada.
They suggest using the London office for info, but it's the middle of the night here when they are available on the phone, and when I emailed them, they told us to fill out both a 1040 and a 1040NR and read publication 519.
Is that right, does any bright spark know?
I am particularly dim when it comes to trying to understand publication 519, which is why I emailed them in the first place.
We left the US on the 13th of July 07 and moved to Canada (having been in US for four and half years, hubby on H1b and me and kids on H4's) and I really do not understand which forms we should be filing now. We have not been able to get through to the IRS as the phone number they have on the site is a 1800, which won't let us connect from Canada.
They suggest using the London office for info, but it's the middle of the night here when they are available on the phone, and when I emailed them, they told us to fill out both a 1040 and a 1040NR and read publication 519.
Is that right, does any bright spark know?
I am particularly dim when it comes to trying to understand publication 519, which is why I emailed them in the first place.
I dunno, but am sure someone out there does.
#8
Forum Regular
Joined: Nov 2003
Posts: 96
Re: Taxation for a new ex-pat living in U.S. on H1B
I have a tax question about the last year in the US on H1b.
We left the US on the 13th of July 07 and moved to Canada (having been in US for four and half years, hubby on H1b and me and kids on H4's) and I really do not understand which forms we should be filing now. We have not been able to get through to the IRS as the phone number they have on the site is a 1800, which won't let us connect from Canada.
They suggest using the London office for info, but it's the middle of the night here when they are available on the phone, and when I emailed them, they told us to fill out both a 1040 and a 1040NR and read publication 519.
Is that right, does any bright spark know?
I am particularly dim when it comes to trying to understand publication 519, which is why I emailed them in the first place.
We left the US on the 13th of July 07 and moved to Canada (having been in US for four and half years, hubby on H1b and me and kids on H4's) and I really do not understand which forms we should be filing now. We have not been able to get through to the IRS as the phone number they have on the site is a 1800, which won't let us connect from Canada.
They suggest using the London office for info, but it's the middle of the night here when they are available on the phone, and when I emailed them, they told us to fill out both a 1040 and a 1040NR and read publication 519.
Is that right, does any bright spark know?
I am particularly dim when it comes to trying to understand publication 519, which is why I emailed them in the first place.