Questions tagged [h-1b-visa]

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

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0answers
31 views

Married and on H1B. Wife's H4 application in progress. Can I do Married filing Single for taxes?

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. Should ...
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1answer
51 views

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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2answers
38 views

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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403 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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83 views

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
315 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
295 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
71 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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113 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
282 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
88 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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235 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
223 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
839 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
891 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
7k 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
215 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
961 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
140 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
631 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
388 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
4k 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
969 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 ...