[Show all top banners]

Mero_Pyaro_Nepal
Replies to this thread:

More by Mero_Pyaro_Nepal
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Tax help: 1040 instead of 1040NR/1040NR-EZ
[VIEWED 6424 TIMES]
SAVE! for ease of future access.
Posted on 02-04-10 5:01 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Hey people,

I need some advice on filing tax for 2009. I came here
almost 3 years ago and have been filing 1040 form for the past 2 years (2007
and 2008). I worked as a Graduate Research Assistant during those 2 years and
the amount of tax withheld was about 700-800 USD for both years. I also received
250 USD from the stimulus package (Bush ko pala ma).

I’m now sure that I should have filed a different tax form.
So, my question to those who are familiar with this is as follows;

1.      
Should I file 1040NR or 1040NR-EZ?  BTW, I’m single and in 2009 I was on a paid internship
(during CPT).

2.      
When I file the correct form this year, how much
do you think (approx) should I have to pay for the back taxes?


Thank you so much for your time and considerations.


Regards,

Mero_Pyaro_Nepal

Last edited: 04-Feb-10 05:02 PM

 
Posted on 02-04-10 5:20 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Mero Paryo Nepalji,

What tax form to use is dependent based on your visa status in the United States not by what you work as. If you are in F1 visa and worked as a research assistant, you should file 1040NR EZ.

How much you would pay in back taxes also dependent upon your tax liability for those years vs how much you paid then. You will have to pay penalty and interest on those back taxes. We don't know your income; we don't know your tax liability; we don't know how much you paid in taxes; we don't know whether you are going to amend your prior returns or just filing a correct and new form for year 2009.

Basically what I am saying is without the full information of everything, it is very hard to tell you how much back taxes you will be paying. Usually the difference between filing a 1040 and 1040NR -EZ is that you don't get to deduct standard deduction ($5700 for 2009) if you file 1040NR EZ. You will be paying additional taxes on the amount that you would deduct as standard deduction. If you have deducted other expenses such as tuition fee to arrive at your AGI, that is not also permitted. 

I hope this helps a little bit.

 
Posted on 02-04-10 10:57 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Thanks Elixir. I really appreciate it. I guess I'll find a tax expert and get it all sorted out this time. 


 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 365 days
Recommended Popular Threads Controvertial Threads
श्राद्द
TPS Re-registration
सेक्सी कविता - पार्ट २
What are your first memories of when Nepal Television Began?
पाप न साप घोप्टो पारि थाप !!
पुलिसनी संग - आज शनिवार - अन्तिम भाग
निगुरो थाहा छ ??
ChatSansar.com Naya Nepal Chat
TPS Re-registration case still pending ..
Lets play Antakshari...........
What Happened to Dual Citizenship Bill
Basnet or Basnyat ??
Sajha has turned into MAGATs nest
NRN card pros and cons?
मेरो अम्रिका यात्रा -२
Do nepalese really need TPS?
कता जादै छ नेपाली समाज ??
susta manasthiti lai ke bhanchan english ma?
कृष्ण नै अन्तिम सत्य
पुलिसनी संग - आज शुक्रवार - भाग २
Nas and The Bokas: Coming to a Night Club near you
राजदरबार हत्या काण्ड बारे....
Mr. Dipak Gyawali-ji Talk is Cheap. US sends $ 200 million to Nepal every year.
Harvard Nepali Students Association Blame Israel for hamas terrorist attacks
TPS Update : Jajarkot earthquake
is Rato Bangala school cheating?
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters