Gross Income Test
Question: Can I e-file my 1040 this year when I filed a 1040NR last year?
Hey,
In 2008 I was here in the US on a J-1 visa, so I filed a 1040NR. In January 2009, I switched over to a H-1B visa and according to the substantial presence test I can file a 1040 for 2009 as I am a US resident for taxpayer purposes (been here the whole year). My question is, can I e-file using internet software? The tax software asks me for the adjusted gross income of 2008 and the file type of 2008, but only offers 1040, 1040A, 1040EZ and 1040X, but not 1040NR. So the question is, is it possible to e-file?
Thanks, Lutz
I haven’t paid yet. I am using the online version of TurboTax where you pay in the very end. What consequences can there be if I do what you suggest?Answer: If you have already paid for the software, I’d just select 1040 and see if it goes through.
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Analyzing the Income Statement
Online Tax Filing Reviews
Question: Still waiting on tax return from WI?
I filed back on 1/23, online and I got the money back from my federal taxes already. I am still awaiting funds back from the state of WI, they received it, I checked their website.. I know my account information is accurate.. any idea about what could be the hold up?
It says nothing if its under review or when I get the $$??
Answer: State always takes up to two wks longer to get.
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TurboTax 2007 Fed+State Review / Epinions.com: “nonedude”
2009 Head Of Household Standard Deduction
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2009 Married Filing Jointly Tax Brackets
Question: 401K to Roth IRA conversion – Penalty and tax implications?
I am 39 years old and Filing Taxes As Married jointly. My wages were 60K in 2009 due to unemployment. My AGI will be about 100K from now onwards. Is this a good opportunity to convert my 401K from previous employer into Roth IRA as I will be in lower tax bracket? Will there be any penalties as the conversion is from before-tax to after-tax contribution?
Answer: If it is done correctly, then there will be no “penalty”. There will be ordinary income tax on the amount converted. In your case, the federal tax rate will be 25%; the state tax rate varies from state to state.
Taxpayers Will See Relief By Way of Inflation-Adjusted Indexing, But Total Tax Impact Remains Unclear, CCH Says
Taxpayers stuck in the current economic downturn will get at least some relief in 2011 thanks to the mandatory upward inflation-adjustments called for under the tax code, according to CCH, which today released estimated income ranges for each 2011 tax bracket.
Tax Return Online Filing
Question: file tax return online or ask an accountant do it for me??
is there any different between file tax return online and ask an accountant do it for me. I think the accountant fill out the think form as i did online,right?? do you think www.freetaxusa.com is a good website for e-file?? i want to file online because i want to save money. so, could you give me some advise??
Answer: save yourself some money and do your taxes online
let me tell you why: accountants charge so much money for a process that you can do alone
the tax software that’s available is so simple and easy to use; it’s a matter of taking the info from your W-2 and plug it in and answer the questions along the way…it will walk you through the whole steps from beginning to end and in about 30 mins or so you will be done
Foreign national stole US tax refunds
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Turbo Tax 2010 – Get a Bigger Tax Refund 2010, 2011