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| Kevin wrote: - quote - > I am an F-1 student from China. I have been advised to use
You are exempt from the substantial presence test for five> Form 1040NR to file my federal tax return. By that way my > first $5000 income is exempted from the US tax. My question > is whether I can choose to use Form 1040? > The year of 2004 was the fourth year I was in the US. I will > have to use Form 1040 since 2005 anyway. What's the other > consequencies on my future such as my application for a > green card if the answer is yes and I choose so? years. If 2004 was year 4 then 2005 is year 5 and you are still exempt. The $5000 exemption remains in effect for such period of time as is reasonably necessary to complete the education or training. This means that the $5000 exemption is only available to you for the reasonably necessary time frame (not necessarily five years). -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Hi everyone, I am an F-1 student from China. I have been advised to use Form 1040NR to file my federal tax return. By that way my first $5000 income is exempted from the US tax. My question is whether I can choose to use Form 1040? The year of 2004 was the fourth year I was in the US. I will have to use Form 1040 since 2005 anyway. What's the other consequencies on my future such as my application for a green card if the answer is yes and I choose so? Thanks, Kevin << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1040, alien, file, form, return, tax |
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