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  • Tax filing for F1 visa holders

    Hi,

    I have a question; which website is good to file taxes while in school on an F1 visa? Many of the websites I'm looking through are filling only 1040, but not filling 1040 NR or 1040 NR-EZ and form 8843. Can someone please refer me to a website that does all the automatic documentation for tax filing for F1 visa holders.

    Thanks.

  • #2
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    • #3
      Your message was posted as anonymous on Facebook wall- Feb 14th


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      If you feel this community is useful, please invite your friends by following below steps
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      In addition to the readers comments, You can also call attorneys for free advice. DesiOPT is collaborating with group of attorneys. You can contact them directly via email/ phone. Initial Consult is Free. Their information is listed on http://desiopt.com/ home page.
      we are providing direct links as well, please let us know your feedback after the call
      http://www.desiopt.com/index.php?show_emp=1213
      http://www.desiopt.com/index.php?show_emp=3648
      http://www.desiopt.com/index.php?show_emp=3561
      http://www.desiopt.com/index.php?show_emp=3577
      http://www.desiopt.com/index.php?show_emp=4297


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      • #4
        The US Govt. extends many kinds of benefits to Individuals who incur education expenses. Although tuition fees is the most common item that reduces tax liability, sometimes there are other expenses like room/board/books/laptops/Moving expenses etc. which can potentially reduce the tax liability. On Individual tax returns these benefits could be taken up in the form of Deductions or Credits.

        Another common deduction that could apply to many individuals is the deduction for a Student loan interest. There are certain limitations and restrictions which apply to these benefits.
        Most of these benefits are typically limited by a certain income limit at which the benefits start phasing out rapidly. For each benefit the income limits and the phase out window are different for each filing type. Individuals filing as married or Head of household almost always have a higher limit than Individuals filing as Singles. The nature of the US residency also determines the validity of different benefits.

        IRS has made it abundantly clear that F1 visa holders are not residents, unless they are in the country for a period over 5-years. F1 visa holders should typically file 1040-NR returns. All F1 students, who are in the US for less than 5-years, are required to file 1040-NR to avoid federal penalties. This leaves a clean record and avoids any potential issues with USCIS during their H1 and Green card processing.

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