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How to file tax returns in USA

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Archive through February 06, 200435 02-06-04  9:34 am
Archive through January 10, 200634 01-10-06  3:33 pm

Naatyaa
Tuesday, January 10, 2006 - 4:10 pm:   Edit Post Delete Post Print Post  Link to this message

How to find out if the bank has reported the interest to the IRS?

Abedekar
Tuesday, January 10, 2006 - 4:21 pm:   Edit Post Delete Post Print Post  Link to this message

tax evade karu naka - its not worth it! :-)

Yogibear
Tuesday, January 10, 2006 - 5:20 pm:   Edit Post Delete Post Print Post  Link to this message

Natyaa: I would call them and ask, but if you "intentionally" fail to report extra income from dividends/interest then IRS can penalize you accordingly. Don't take chances especially if you plan to apply for Citizenship cause all tax records and police records are verified during the process and extra evidence can be requested from concerned authorities.

As Asami mentioned, usually if a bank has a US branch then u would receive 1099 form from the bank.

Mumbai12
Wednesday, February 01, 2006 - 8:03 pm:   Edit Post Delete Post Print Post  Link to this message

My wife is on h4 visa .Can I file joint retus for her.What I will have to do for the same?

Bsa
Monday, February 27, 2006 - 5:55 pm:   Edit Post Delete Post Print Post  Link to this message

My family [ wife and kid ]was not here[in US] last year.

So tax was deducted as if I was single.
Can I claim dependent benefits while filing returns?

Anyone has done this before?

Thanks in advance.

Maanus
Monday, February 27, 2006 - 7:25 pm:   Edit Post Delete Post Print Post  Link to this message

visit some CPA, they charge some $ 100 /- but its worth paying money to them

Adi787
Wednesday, January 10, 2007 - 6:02 pm:   Edit Post Delete Post Print Post  Link to this message

guys,

HR block...best service... for tax filing.. I'm using this for 3 yrs now...

Heena21
Wednesday, February 07, 2007 - 6:32 pm:   Edit Post Delete Post Print Post  Link to this message

Taxation of Resident Aliens

Taxable Income

A resident alien's income is generally subject to tax in the same manner as a U.S. citizen. If you are a resident alien, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U.S. tax return. You must report these amounts whether from sources within or outside the United States.

Tax Rates

Resident aliens are generally taxed in the same way as U.S. citizens. This means that their worldwide income is subject to U.S. tax and must be reported on their U.S. tax return. Income of resident aliens is subject to the graduated tax rates that apply to U.S. citizens. Resident aliens use the Tax Table and Tax Rate Schedules which apply to U.S. citizens found in the instructions for Forms 1040, 1040A, or 1040EZ.

Filing Status

Resident aliens can use the same filing statuses available to U.S. citizens. You can claim the same deductions allowed to U.S. citizens if you are a resident alien for the entire tax year. You should get Form 1040 and its instructions for more information on how to claim your allowable deductions.

Claiming Exemptions

You can claim personal exemptions and exemptions for dependents according to the dependency rules for U.S. citizens. You can claim an exemption for your spouse on a separate return if your spouse had no gross income for U.S. tax purposes and was not the dependent of another taxpayer. You can claim this exemption even if your spouse has not been a resident alien for a full tax year or is an alien who has not come to the United States. You can claim an exemption for each person who qualifies as a dependent according to the rules for U.S. citizens. The dependent must be a citizen or national of the United States or be a resident of the United States, Canada, or Mexico for some part of the calendar year in which your tax year begins. Get Publication 501, Exemptions, Standard Deduction, and Filing Information for more information.

CAUTION: Your spouse and each dependent must have either a Social Security Number or an Individual Tax Identification Number in order to be claimed as an exemption or a dependent..

Source--
id=96493%2C00.html,http://www.irs.gov/businesses/small/international/article/0,,id=96493,00.html



Music
Wednesday, March 28, 2007 - 3:20 am:   Edit Post Delete Post Print Post  Link to this message

I did it for the first time in here.
I found Taxactonline.com simpler to e-file the tax returns ..
If tax returns are pretty simple n straightfwd in ur case, try out this option. You will get ur returns within 2 weeks.

Ameyadeshpande
Wednesday, April 04, 2007 - 1:26 pm:   Edit Post Delete Post Print Post  Link to this message

US मधे शिकण्यासाठी भारतातून educational loan घेतलं असलं, तर US मधे शिक्षण संपून next financial year नोकरी करताना( US मधेच) त्या लोन चा tax benefit मिळू शकतो का ह्याबद्दल कुणाला माहीती आहे का?

चोखंदळ ग्राहक
महाराष्ट्र धर्म वाढवावा
व्यक्तिपासून वल्लीपर्यंत
पांढर्‍यावरचे काळे
गावातल्या गावात
तंत्रलेल्या मंत्रबनात
आरोह अवरोह
शुभंकरोती कल्याणम्
विखुरलेले मोती


हितगुज गणेशोत्सव २००६






 
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