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Questions tagged [h-1b-visa]

H1-b is a specific type of US immigration status for foreign workers.

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Making 475(f) election just for this year?

I suffered losses in the stock market far exceeding the allowable loss deduction of $3000. I was working on an H1-B visa when I faced this loss. I was wondering whether I could elect to use 475(f) ...
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37 views

Tax Changes Not Updated in W-2 after Change of Status from F-1 to H1B

I was on the F1 OPT Extension student visa from May 2017 to May 2019. My H1B started on October 10th, 2018 but my HR records/paystubs didn't update and so is my W-2 for the last 3 months of 2018. ...
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369 views

Dual status tax returns (F-1 H1B)

I was on an F-1 visa from August 2013 till September 2017 and on an H1B visa from October till now. I am single. I filed extension for the 2017 year and now as I am Resident for tax purpose as I ...
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How do I opt for First Year choice method?

I received my H1B on October 1, 2017 and my wife is on H4 visa. As I wanted to opt for the First Yr choice method, I filed for an extension in April, 2018 as I was unable to satisfy the Substantial ...
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1answer
2k views

Does 401k on H-1b visa make sense when there is an employer match?

I am on H-1b visa in the U.S. I will stay between 2 and 5 years here. My employer is (almost) matching my 401k contribution. I am wondering if it makes sense for me to participate in the 401k. I have ...
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1answer
50 views

I am on H-1B visa. Can I invest in a business run by my H4 wife?

I am on H-1B since October 2017. My wife is expecting her EAD in August 2018. Can I invest in a business run by her?
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1answer
292 views

Can I file California State tax as a part year resident/non resident, if I am filing Federal tax as a Resident?

I am on H1B since October 1, 2017. I am filing Form 1040 for my Federal taxes, which I will file after May 2018, filing for an extension. How should I file my State tax? I live in California. Does ...
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1answer
245 views

Am I a resident or a non resident for tax purposes this year? [duplicate]

I am on H1 B visa since Oct 1, 2017. Last year, I was on F1 OPT. I am filing a Married filing jointly with my wife (is on H4 without any income). I am planning to fill in Form 4868 for extension and ...
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1answer
67 views

Should I file Form 1040 or Form 1040 NR?

I am currently on H1 B (since October 1, 2017). Last year when on F1 OPT, I had filed Form 1040 NR for my taxes. Which form is advisable for 2017, considering I am on H1 B now. What options do I have?
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1answer
107 views

H-1B visa holder came in April 2017. What are the options for filing income tax return?

I came on H-1B visa with my wife and kid in April 2017, from India. I have salary income from January to March from India and from April to December from USA. Here I have few questions: What is my ...
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1answer
1k views

Married Filing Jointly, moved from F1 to H1B on November 6th

I worked on OPT (F1 visa) in 2017 till November 5th and then moved to H1B. After my research, I found out that I don't pass the substantial presence test since I was under F1 student visa (OPT) for ...
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1answer
269 views

Should I file FBAR and IRS 8938 on my own or hire a CPA?

I am a recent H1B visa worker in the US (from Europe). In April 2018 I will have to submit my first income tax return statement. Due to having lived all of my life in Europe, I had (and still have) a ...
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1answer
2k views

Tax filing for status change - from nonresident F1 to resident H1-B

I have found this question is discussed in several places. I especially found this answer How do I file 2015 taxes for F-1 OPT till Sept 30, 2015 to H-1B from Oct 1, 2015? useful as my situation is ...
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1answer
83 views

H1-B : How to invest money outside the USA

I am an H1-B visa holder in the US. I would like to start investing some money here in the US and also in India, my home country. Are there any IRS regulations I should be aware of when sending ...
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2answers
222 views

Is there any loan that leverage tax for H1b holders?

I am here in US through H1B. I have a decent amount of loan back in India. Also I am paying a lot in Tax here. Is there any way I can get any loan here in US and pay off my loan in India and reduce ...
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2answers
2k views

Non Resident alien income tax, moved from F1 to H1B on October 1st

I worked on OPT (F1 visa) in 2016 till September 30th and then moved to H1B. After my research, I found out that I don't pass the substantial presnece test since I was under F1 student visa (OPT) for ...
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1answer
191 views

H-1b visa holder with F-1 spouse filling tax jointly

I'm an H-1b visa holder. I got married in this May 2016. My spouse is an F-1 visa holder. What kind of tax return status is correct for this year. Do I have to file as single from January to April ...
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2answers
1k views

Investing/trading on H1B in the United States?

I have tried to open an account with robinhood. They said they accept H1B holders and proceeded to ask me to provide a permanent residence card; which is weird. I kept telling them I do not have a ...
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1answer
812 views

How do I file 2015 taxes for F-1 OPT till Sept 30, 2015 to H-1B from Oct 1, 2015?

Last year, I've filed 1040NR-EZ myself by entering all the values in the form manually. Because of complications in my case this year, I'm seeking a software's help. I was on F1/OPT From Dec 2012 ...
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1answer
858 views

Can I claim the standard deduction being an Indian citizen and non-resident in USA for tax purposes?

In 2015 I was on F1 (STEM Extension) till 30 September 2015. After that I switched to H1B status. I am a nonresident alien for tax purposes as I din't pass the substantial presence test. I am an ...
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1answer
1k views

Itemized Tax deductions by a Tax consultant H-1B Visa holder

I am not US citizen yet. I am an employee. I recently consulted a tax attorney who provided me with the following questionnaire to calculate my tax deductions. I tried Turbo tax which 1/4th tax refund,...
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2answers
8k views

H1 B visa social security refund

Is there any change in the policy of the US Govt that will enable H1 B visa holders from India who have returned home after working six years on the H1B visa a refund of the social security taxes they ...
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1answer
60 views

Will there be any complication at the time of withdrawal by opening Roth IRA as a non US citizen?

I am currently on a H1B visa. A senior colleague at my work recommended that I open a Roth IRA. I did some research and I like the idea of it, but I was unable to find answers to all of my questions. ...
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1answer
6k views

H1B Visa holder - Transferring Lottery Winnings to India Legal or Illegal?

Currently, I am working in USA on H1B visa. I came to US in JAN 2015. So for income tax purpose, I am Non-Resident Indian for financial year 2015-16. I have query regarding lottery winnings outside ...
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2answers
209 views

Whether H1 B Non Immigrant visa holders are allowed to purchase Home in the US?

Are H1 B Non Immigrant visa holders allowed to purchase homes in the US, assuming they have the necessary income and a good down payment (20-30%)? Will the immigration status affect approval for the ...
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1answer
3k views

H1b Visa - Any way to save taxes?

I am in the US on H1b visa for a period of 3 years. Are there any ways I can save the income-tax to be paid for the first year? If yes, then how?
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1answer
3k views

What happens if I have an HSA while here on an H1B work visa and I permanently leave the United States?

I am currently in the US on work visa (H1B) and have been contributing to a HSA account. If I leave the country at a future point of time, what happens to this account and would it be possible for me ...
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1answer
906 views

IRS (USA) Form 843 - How much time you have to file?

While I was on F1 Visa, my employer witheld social security and medicare taxes for me in error, and has declined to process a refund. IRS has a form 843, which allows you to petition IRS for a refund ...
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2answers
136 views

Is it possible to be considered a dual status alien even with if you meet substantial presence test?

I moved to the US on January 3rd 2014, and stayed there for most of the year (~273 days). I'm still living in the US. I seem to meet the substantial presence test (right?), but for some reason after ...
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2answers
3k views

H1B first time file tax

I am h1b and came on 25th of Sep 2014 with wife and child as H4. I will use the "first year choice" and file when meet the substantial presence requirement. I had income from Greece for all 2014. ...
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3answers
2k views

How to build a U.S. credit history as a worker on a visa?

I am 30 and looking serious at moving to the United States to take a lucrative (career wise) job. Assuming I get the job offer and accept it, how can I go about getting credit in the US? I am from ...
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1answer
604 views

Tax liability for stocks vested for a H1B visa holder

I got the shares of a company as part of the employee stock options program when I was associated with the company when I was living in India. I moved to USA an year ago on H1B visa. My company got ...
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1answer
370 views

Premium Processing Service by benificiary or employer?

Here is an excerpt from the USCIS website which answeres the following in response to the following question: Can the beneficiary of a visa petition seek Premium Processing Service? No, except in ...
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2answers
13k views

1040 or 1040NR this time?

I am a international student, came to USA on F-1 visa from India and graduated last year. this year (2014) my company filed H1-B and got approval. Now I am on my H1-B from this October. When I file my ...
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2answers
3k views

Question about being a Resident Alien for Tax purposes

I've been in the United States since January 2009 under an F1 student visa. Since that time I have left the united states only once in December 2009. For the past few years I've been filing taxes as a ...
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2answers
3k views

First Year Choice (H1b visa) and Child Tax Credit?

This question is related to Tax filing in USA. Hello, I am an Indian Citizen. We(me, my wife and our son) came to USA on Oct 2013.I have filed a request for extension.I want to exercise the First ...
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2answers
926 views

Legal and tax implications of former H1B holder trading in IRA account from India?

I am a former H1B holder. I am now in India. While on H1B in the U.S., I established an IRA account. My questions: Can I use the IRA account to trade options and stocks legally? If so, how can I ...