Questions tagged [h-1b-visa]
H-1B is a specific type of temporary, non-immigrant US visa for foreign workers.
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US tax 2021 for H1b and H4 visa holders- when to use 6013 h Election
I was on H1B and spouse on H4, have been filing US tax for 2015-2020 as married filing jointly and have been in US 365 days for all 5 years.
In 2021 - we stayed from Jan to April 2021 which is less ...
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FBAR filing for first time as H1B- need help on some queries
I am on h1b and have been working in US for more than a couple of years now. I came to know recently that FBAR is required to be filled. Subsequently, I started researching about it and trying to ...
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Can I invest in real estate through an LLC being on an H1B visa in the US?
I understand that I allowed to make passive income being on an visa and not be actively employed / working for another company. I am not trying to work for another company, but I just want to pool ...
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I am on H1B and My Ex-employer is sending me letters about money I OWE them
My employer is asking me to pay owed money back, which is around 25,000$. I was working for them for about 3 years on H1B visa. as per salary commission structure, I did not make enough money to ...
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Should I file as Resident or Non Resident for FY2020? I arrived in US in 2015 on F1 and switched to H1B in Oct 2020
I am a single individual who arrived in US in Aug 2015 on F1. I was on OPT until 30th Sept 2020 and then switched to H1B from 1st Oct 2020. After reading documents below, I gathered that since I have ...
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Can I file tax for both F1 and H-1B partially the first year?
Last year I started working at a company as F-1 OPT around Jul, and then I turned into H-1B on Oct. So, I have to file as a non-resident alien.
However, somehow the company withhold FICA tax from my ...
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Do I pay gift taxes in US, if I send money (>$15000) to my father in India?
I am in the US on F1 visa - OPT, I need to send money to pay off my student loan in India. I have already sent about $25000 to my dad, who has paid it to the bank for my student loan and I am planning ...
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Can I start a youtube channel and earn from ad-sense(if any) while being in US on F1 or H1 Visa?
I am currently working on F1 STEM OPT, and waiting on my H1B approval. I would like to start a YouTube channel to post tech videos, game play and some other content through different channels. This ...
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F1 to H1B - Should I be filing taxes for 2019 as a Resident Alien or a Non-resident alien?
I was on F1 since my first arrival to the US in 2015 (never been to the US before).
My H1B was approved in June 2019 (I have been on F1 all the time before this date and was Exempt)
Should I be ...
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H1B Temporary Worker/ 1099 MISC Income
I am a H1B temporary worker in the united states at the moment. Last year, there was a pilot TV series filming in our apartment of residence which resulted in some inconvenience for me as a resident. ...
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Am I a US resident?
I came to USA in August 2015 on a F-1 visa and switched to H1-B visa in Jan 2020. As per the substantial presence test, I will only become a resident alien after 183 days.
My questions are,
I have ...
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F-1 to H-1B Tax Filing Status - 5 Calendar Years?
I came to the US to study on an F-1 visa in August 2014 and graduated in May 2018. Since then, I have been working on an F-1 OPT visa. In 2019, I applied and received my H1B visa - specifically, my I-...
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Wife's H4 is Pending. I am on H1B effective Oct 1 2019. Can I withhold taxes as 'Married'?
My Visa status changed from F1 to H1B effective Oct 31st this year. My wife came to USA in May 2019 on F2 Visa. Her H4 application is still in process and her F2 is invalid effective Oct 31st.
I ...
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Working as an independent consultant for a US company
I recently resigned from a US company and moved back to India on 5/31/2019 (I was on my H1b). I submitted my resignation letter already. I will be going back to school for a Ph.D. in the fall and my ...
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 ...
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