Student And O P T Status Lo Pani Chestu Tax File Chese Valla Kosam

[vizzeboy]

[quote name='ChittiNaidu' timestamp='1355441934' post='1302947883']
student ga unnapudu ne income was less than 35K kabatti federal amount mottam back vachindi...ippudu kuda ade scale lo pani chestunte anni return vastai...whcih is not ur case i guess...
[/quote]


Your correst.....ithay biscut..ayendi,,,,,,any how...thks for information bhayya...


my Request / suggestion for students. inka university lo studies chaysthuanna variki

[color=#b22222][b]please file only with 1040 NR and form 8843 ....thru any TAX prepare-er ( safe side)[/b][/color]


dont go for turbo tax or other pre build Tax filers..tools...those are only for CITIZENS.


me frnds chayputharu,,,,,ekkuva money vastayee emmi kadu ani...AUDIT padithay....sudi bagulayka biscut tinali...life long..

thanks..VB

[vizzeboy]

[dirtygirl]

gp

[innovative]

very good post .. thanks chitti ...

[deals2buy]

Chitti... Ento gatha 3 yrs nundi chustunna...u still have the same place [img]http://www.manadb.com/Smileys/default/you_rock.gif[/img]

[KrishnaJai]

[dollar vora]

ante ippudu turbo tax lo file chesina valla paristiti endhi

[vizzeboy]

[quote name='manmadhan' timestamp='1355448930' post='1302948590']
ante ippudu turbo tax lo file chesina valla paristiti endhi
[/quote]


amount vachinada.....fee lu kattama ,,,,njoy chaysama anthay,,,,

[abididibidi]

[quote name='ChittiNaidu' timestamp='1355438846' post='1302947604']
[b][size=6][color=#FF0000]IMPORTANT BOLD chesina MATTER CHADAVANDI.... [/color][/size][/b]


1. The W-2 earnings statement includes a variety of taxes and payment withholdings. Among these are Social Security (FICA) and Medicare Withholding and California State Disability Insurance (CASDI).

[size=5][b]Social Security (FICA) and Medicare[/b][/size]

[b]Under IRC 3121( (19), principal individuals in a F/J/M/Q immigration status who are NRA for federal tax purposes and employed either on-campus or off-campus, with appropriate work authorization, are exempt from Social Security and Medicare tax payments.[/b] A spouse or dependent children of the primary visa-holder (-1) (i.e. F-2/J-2/M-2/Q-2 status) are not eligible for this exemption. This exemption generally terminates with the first day of physical presence in the year federal tax residency is established.[b] If you are a nonresident alien for federal tax purposes in the above immigration classifications and you feel that Social Security and/or Medicare
taxes were incorrectly withheld from your pay, the federal government requires that you first contact the employer who issued the Form W-2 - inform them of the error AND ask that they refund you the money withheld. But if the employer cannot or will not issue the refund, the following is a special procedure you can use to obtain a refund of these taxes: You will need to complete and submit two federal tax documents to the IRS - Forms 843 and 8316. These forms are fairly easy to understand and complete. They are mailed together in the same envelope, but this envelope must be mailed totally separate from your annual tax return filing. The paperwork requires that you attach a copy of the Form W-2 showing the withholding, a copy of your I-94 and visa stamp, and pp I & 3 of your I-20 (or p 1/DS2019) pertaining to the employment authorization. There is NO deadline to submit.[/b] Mail the packet of documents to the same Philadelphia Service Center as NRA tax returns and processing generally takes approximately eight to ten weeks. It is important to remember that you should always keep a photocopy of everything you send to the IRS.


[b][size=5]2- Life-Long Learning/Hope Scholarship Credit OR Tuition Deduction (Form 1098-T)[/size][/b]

The most significant difference between a resident and nonresident taxpayer is the tax credits that can be used to reduce an individual's tax liability. At XXX University, the Financial's Office will annually send all students a
reporting of qualified tuition payments made using the IRS Form 1098-T. For the international student classified as a nonresident alien for federal tax purposes, this document acts as an accounting of payments made and cannot
be used to reduce tax liability. However, federal tax residents, whether they are a U.S. citizen, legal permanent resident, or resident alien for federal tax purposes, can use this information to either reduce taxable income, using a
tuition deduction, or claim a tax credit, in the form of the Life-Long Learning or Hope Scholarship.


[size=6][b]DETERMINING ALIEN TAX CLASSIFICATION[/b][/size]
[size=5][b]Students in a primary F/J/M/Q (-1) status and their dependents (-2) are considered nonresident alien (NRA) for federal tax purposes for the first 5 calendar years of their stay in the U.S.[/b][/size] For primary J/Q (-1), non-student categories, and dependents (-2), consideration as a NRA for tax purposes is determined by looking at the number of years in an exempt category. A J/Q, non-student, is a nonresident alien if they have not been present in the U.S. under a F/J/M/Q exempt status for more than two out of the current and past six calendar years. Filing a special application (Form 8840, Closer Connection Exception Statement for Aliens) to the Internal Revenue Service (IRS) can extend either of these nonresident periods. Once your tax classification is established, you then must determine your tax filing responsibilities to both the federal and state governments. Unfortunately, U.S. tax laws can be very complex, but filing federal tax documents is the personal responsibility of every international student and scholar classified as a NRA, whether or not you received taxable payments during the reporting year. However, state tax liability and filing responsibilities will depend on separate regulations governed by the State of California. Generally, your California tax residency will be determined much differently than federal tax residency and is usually dependent upon the length of time you reside within California.


[b][size=6]IMPORTANT -[/size][/b]

All international students & scholars, in a F, J, M, or Q immigration status, who are classified as a federal nonresident alien taxpayer, must file tax return(s) every year, whether or not you were employed or received taxable payments in the United States during the reporting year. Those individuals who were not employed or received U.S.-sourced taxable income during the reporting year file ONLY Form 8843. Individuals who either received compensation subject to wage withholding or income subject to U.S. taxation will file both the Form 8843 and may also be required to file either the 1040NR or 1040NR-EZ depending on the total income earned for the reporting year.

[b]FORM 8843[/b]

f you are a NRA for federal tax purposes and have no earned income or taxable payments from U.S. sources, you will file only a completed Form 8843, Statement for Exempt Individuals and Individuals with a Medical Condition, to the IRS. Spouse/dependents in F/J/M/Q (-2) status must also individually file this same document. The purpose of this document is to verify that the individual qualifies to exempt days of presence in the U.S. from the purpose of the substantial presence test, thus shielding the individual from taxation as a resident alien and subject to taxation on worldwide income.

[b]FORM 1040NR/1040NR-EZ[/b]

If you received any wage income or other payments while present in the U.S. during the tax year, you may also be required to file a financial tax return. An indicator that these payments were subject to federal & state taxation is receipt of a tax earnings statement from an employer or educational institution. An example of these documents may include: Forms W-2, 1042-S, 1099-Misc, 1099-R, etc. These tax statements are mailed to recipients by the end of January for the preceding tax year. You will receive a separate earning statement from each employer (or granting institution), but will combine the earning totals and file only one federal & applicable state financial return(s). If you feel you should have received any one of these earnings statements and have not by mid-February, you should contact the appropriate payer. For the NRA who is required to file income tax documents, not only do you complete Form 8843, but you must also complete either the Form 1040NR (long form) or 1040NR-EZ (short form).

Selection of the appropriate Form 1040NR will depend on the complexity of your tax filing and/or your ability to qualify for spouse/dependent deductions based on tax treaty benefits. Keep in mind that most professional tax preparers will be unfamiliar with these tax rules and documentation associated with the tax status. If you intend to seek professional assistance, [size=5][b]be careful that you choose someone who is an expert in nonresident alien tax law. Presently, tax preparation software, such as Turbo Tax, is designed only for the resident taxpayer and should not be used by individuals classified as NRA for federal tax purposes.[/b][/size] If you want to prepare your own tax returns, we strongly recommend that you obtain the following publications from the IRS:



[b]Refund of Taxes Withheld in Error[/b]

If [b]Social Security or Medicare taxes[/b] were withheld in error from pay that is not subject to these taxes, contact the employer who withheld the taxes for a refund. If you are unable to get a full refund of the amount from your employer, file a claim for refund with the Internal Revenue Service on [b]Form 843[/b]. Attach the following items to [b]Form 843[/b][list]
[*]A copy of your Form W-2 to prove the amount of social security and Medicare taxes withheld.
[*]A copy of your visa.
[*]Form I-94 (Arrival-Departure Record).
[*]If you have an F-1 visa, Form I-20.
[*]If you have a J-1 visa, Form DS-2019.
[*]If you are engaged in optional practical training, Form I-766 or Form I-688B.
[*]A statement from your employer indicating the amount of the reimbursement your employer provided and the amount of the credit or refund your employer claimed or you authorized your employer to claim. If you cannot obtain this statement from your employer, you must provide this information on your own statement and explain why you are not attaching a statement from your employer or on Form 8316 claiming your employer will not issue the refund.
[*]If you are an F, J, or M visa holder you also need to complete Form 8316.
[/list]
[b]If you are unable to receive a refund of these taxes from your employer, you may then file Form 843 and Form 8316 to request a refund from IRS. Include the following:[/b][list]
[*]a completed Form 843
[*]a completed Form 8316
[*]a copy of your W-2
[*]a copy of the visa page of your passport
[*]a copy of Form I-94
[*]a copy of your work authorization (A copy of your EAD authorizing OPT or Economic Hardship)
[*]a copy of front and back of your Form I-20 or DS-2019 authorizing CPT
[*]a written statement that you unsuccessfully requested a refund of these taxes from your employer. (This can be the statement you obtained from your employer, or your own statement that you were denied refund of these taxes by your employer and were unable to obtain a statement from them.)
[/list]




[size=6]MODS Make this thread sticky until April 15th 2013...[/size]
[/quote]

[Spartan]

[quote name='manmadhan' timestamp='1355448930' post='1302948590']
ante ippudu turbo tax lo file chesina valla paristiti endhi
[/quote]


try to do amendment of the taxes...correct forms fill chesi pampi...


future lo audite padite...interest pelipotadi....penalty to paatu...

[Spartan]

LTT for MODs..sticky seyandi vay.. panikoche taadu..

[vizzeboy]

[quote name='ChittiNaidu' timestamp='1355438846' post='1302947604']
[b][size=6][color=#FF0000]IMPORTANT BOLD chesina MATTER CHADAVANDI.... [/color][/size][/b]


1. The W-2 earnings statement includes a variety of taxes and payment withholdings. Among these are Social Security (FICA) and Medicare Withholding and California State Disability Insurance (CASDI).

[size=5][b]Social Security (FICA) and Medicare[/b][/size]

[b]Under IRC 3121( (19), principal individuals in a F/J/M/Q immigration status who are NRA for federal tax purposes and employed either on-campus or off-campus, with appropriate work authorization, are exempt from Social Security and Medicare tax payments.[/b] A spouse or dependent children of the primary visa-holder (-1) (i.e. F-2/J-2/M-2/Q-2 status) are not eligible for this exemption. This exemption generally terminates with the first day of physical presence in the year federal tax residency is established.[b] If you are a nonresident alien for federal tax purposes in the above immigration classifications and you feel that Social Security and/or Medicare taxes were incorrectly withheld from your pay, the federal government requires that you first contact the employer who issued the Form W-2 - inform them of the error AND ask that they refund you the money withheld. But if the employer cannot or will not issue the refund, the following is a special procedure you can use to obtain a refund of these taxes: You will need to complete and submit two federal tax documents to the IRS - Forms 843 and 8316. These forms are fairly easy to understand and complete. They are mailed together in the same envelope, but this envelope must be mailed totally separate from your annual tax return filing. The paperwork requires that you attach a copy of the Form W-2 showing the withholding, a copy of your I-94 and visa stamp, and pp I & 3 of your I-20 (or p 1/DS2019) pertaining to the employment authorization. There is NO deadline to submit.[/b]

Mail the packet of documents to the same Philadelphia Service Center as NRA tax returns and processing generally takes approximately eight to ten weeks. It is important to remember that you should always keep a photocopy of everything you send to the IRS.


[b][size=5]2- Life-Long Learning/Hope Scholarship Credit OR Tuition Deduction (Form 1098-T)[/size][/b]

The most significant difference between a resident and nonresident taxpayer is the tax credits that can be used to reduce an individual's tax liability. At XXX University, the Financial's Office will annually send all students a reporting of qualified tuition payments made using the IRS Form 1098-T. For the international student classified as a nonresident alien for federal tax purposes, this document acts as an accounting of payments made and cannot
be used to reduce tax liability. However, federal tax residents, whether they are a U.S. citizen, legal permanent resident, or resident alien for federal tax purposes, can use this information to either reduce taxable income, using a tuition deduction, or claim a tax credit, in the form of the Life-Long Learning or Hope Scholarship.


[size=6][b]DETERMINING ALIEN TAX CLASSIFICATION[/b][/size]
[size=5][b]Students in a primary F/J/M/Q (-1) status and their dependents (-2) are considered nonresident alien (NRA) for federal tax purposes for the first 5 calendar years of their stay in the U.S.[/b][/size] For primary J/Q (-1), non-student categories, and dependents (-2), consideration as a NRA for tax purposes is determined by looking at the number of years in an exempt category. A J/Q, non-student, is a nonresident alien if they have not been present in the U.S. under a F/J/M/Q exempt status for more than two out of the current and past six calendar years. Filing a special application (Form 8840, Closer Connection Exception Statement for Aliens) to the Internal Revenue Service (IRS) can extend either of these nonresident periods. Once your tax classification is established, you then must determine your tax filing responsibilities to both the federal and state governments. Unfortunately, U.S. tax laws can be very complex, but filing federal tax documents is the personal responsibility of every international student and scholar classified as a NRA, whether or not you received taxable payments during the reporting year. However, state tax liability and filing responsibilities will depend on separate regulations governed by the State of California. Generally, your California tax residency will be determined much differently than federal tax residency and is usually dependent upon the length of time you reside within California.


[b][size=6]IMPORTANT -[/size][/b]

All international students & scholars, in a F, J, M, or Q immigration status, who are classified as a federal nonresident alien taxpayer, must file tax return(s) every year, whether or not you were employed or received taxable payments in the United States during the reporting year. Those individuals who were not employed or received U.S.-sourced taxable income during the reporting year file ONLY Form 8843. Individuals who either received compensation subject to wage withholding or income subject to U.S. taxation will file both the Form 8843 and may also be required to file either the 1040NR or 1040NR-EZ depending on the total income earned for the reporting year.

[b]FORM 8843[/b]

f you are a NRA for federal tax purposes and have no earned income or taxable payments from U.S. sources, you will file only a completed Form 8843, Statement for Exempt Individuals and Individuals with a Medical Condition, to the IRS. Spouse/dependents in F/J/M/Q (-2) status must also individually file this same document. The purpose of this document is to verify that the individual qualifies to exempt days of presence in the U.S. from the purpose of the substantial presence test, thus shielding the individual from taxation as a resident alien and subject to taxation on worldwide income.

[b]FORM 1040NR/1040NR-EZ[/b]

If you received any wage income or other payments while present in the U.S. during the tax year, you may also be required to file a financial tax return. An indicator that these payments were subject to federal & state taxation is receipt of a tax earnings statement from an employer or educational institution. An example of these documents may include: Forms W-2, 1042-S, 1099-Misc, 1099-R, etc. These tax statements are mailed to recipients by the end of January for the preceding tax year. You will receive a separate earning statement from each employer (or granting institution), but will combine the earning totals and file only one federal & applicable state financial return(s). If you feel you should have received any one of these earnings statements and have not by mid-February, you should contact the appropriate payer. For the NRA who is required to file income tax documents, not only do you complete Form 8843, but you must also complete either the Form 1040NR (long form) or 1040NR-EZ (short form).

Selection of the appropriate Form 1040NR will depend on the complexity of your tax filing and/or your ability to qualify for spouse/dependent deductions based on tax treaty benefits. Keep in mind that most professional tax preparers will be unfamiliar with these tax rules and documentation associated with the tax status. If you intend to seek professional assistance, [size=5][b]be careful that you choose someone who is an expert in nonresident alien tax law. Presently, tax preparation software, such as Turbo Tax, is designed only for the resident taxpayer and should not be used by individuals classified as NRA for federal tax purposes.[/b][/size] If you want to prepare your own tax returns, we strongly recommend that you obtain the following publications from the IRS:



[b]Refund of Taxes Withheld in Error[/b]

If [b]Social Security or Medicare taxes[/b] were withheld in error from pay that is not subject to these taxes, contact the employer who withheld the taxes for a refund. If you are unable to get a full refund of the amount from your employer, file a claim for refund with the Internal Revenue Service on [b]Form 843[/b]. Attach the following items to [b]Form 843[/b][list]
[*]A copy of your Form W-2 to prove the amount of social security and Medicare taxes withheld.
[*]A copy of your visa.
[*]Form I-94 (Arrival-Departure Record).
[*]If you have an F-1 visa, Form I-20.
[*]If you have a J-1 visa, Form DS-2019.
[*]If you are engaged in optional practical training, Form I-766 or Form I-688B.
[*]A statement from your employer indicating the amount of the reimbursement your employer provided and the amount of the credit or refund your employer claimed or you authorized your employer to claim. If you cannot obtain this statement from your employer, you must provide this information on your own statement and explain why you are not attaching a statement from your employer or on Form 8316 claiming your employer will not issue the refund.
[*]If you are an F, J, or M visa holder you also need to complete Form 8316.
[/list]
[b]If you are unable to receive a refund of these taxes from your employer, you may then file Form 843 and Form 8316 to request a refund from IRS. Include the following:[/b][list]
[*]a completed Form 843
[*]a completed Form 8316
[*]a copy of your W-2
[*]a copy of the visa page of your passport
[*]a copy of Form I-94
[*]a copy of your work authorization (A copy of your EAD authorizing OPT or Economic Hardship)
[*]a copy of front and back of your Form I-20 or DS-2019 authorizing CPT
[*]a written statement that you unsuccessfully requested a refund of these taxes from your employer. (This can be the statement you obtained from your employer, or your own statement that you were denied refund of these taxes by your employer and were unable to obtain a statement from them.)
[/list]



[size=6]MODS Make this thread sticky until April 15th 2013...[/size]
[/quote]

[Spartan]

[quote name='navvunavvinchu' timestamp='1355710011' post='1302962839']
Hello friends
Nenu prastutam Opt extn lo vunna. Last year nenu Turbo Taxes lo Taxreturns File Chesanu.

[url="http://www.andhrafriends.com/topic/367520-student-and-o-p-t-status-lo-pani-chestu-tax-file-chese-valla-kosam/"]http://www.andhrafri...se-valla-kosam/[/url]

Naaku ippudu 2 questions vunnayi

Q1. paina thread lo Turbo Tax only citizens ki maatrame ani chepparu. NRA's turbo tax lo tax file cheste future lo audit padithe problem avutundi ani annaru. so ala problem avvakunda vundali ante nenu ippudu emi cheyyali?

Q2. Nenu M.S chesetappudu naaku SSN ledu, so i did not work, so nenu 8843 form kooda fill cheyyaledu. Deenivalla future lo emaina problems vastaya?

Plz..give ur valuble suggestions.

Thanks
[/quote]
[quote name='ChittiNaidu' timestamp='1355710117' post='1302962849']
starting from Q2. SSN lenappudu jus 8843 fill cheyali..cheyakunna parvaledu no worries...

Q1: online file chesina taxes anni withdraw chesi..malli paper filing to proper ga file cheskovachu....

3 years varaku u can correct ur taxes.....tax agent deggara vellu..or else maname cheskovachu...
[/quote]

[Spartan]

PS..posts and doubts ade thread lo adigite vere vallaki kuda reference ga untadi..post them in that thread...
[quote name='ghazni' timestamp='1355710299' post='1302962863']
nenu myuta.com lo apply chesa........ adi ok na.......
[/quote]
[quote name='ChittiNaidu' timestamp='1355710386' post='1302962871']


a rendu 8843 and 1040 NRE forms file cheste..ekakda file chesina okate.....

online lo 1040NRE undadu..1040 A form untadi..
[/quote]

[Spartan]

[quote name='deals2buy' timestamp='1355710389' post='1302962872']


nenu kuda last yr turbotax lo chesanu chitti..and that was my first time..endukante naaku last year ey vachindi SSN

so ippudu nenu chesthe better?
[/quote]
[quote name='ChittiNaidu' timestamp='1355710420' post='1302962874']


amendment file chesei...easy for u....future lo problem avvakunda...
[/quote]