Sorry, forget the above one!!!

Some correction:

I don't think your annual income ...

should be

If your annual income ...





Following serves only as a guideline, better to do some home works yourself and talk to a school friends.

I don't think you should worry about the tax years before your OPT income year, if:

For your shcool years, you can download 1040NR forms for some recent years from INS web site as your reference. To my knowledge, one doesn't have to file income tax return if his/her annual income is lower than a level. (the level varies (increse) from year to year)

As a internal student, you should exemption from a treaty (treaty 20?) for about $6,000 (not sure exactly how much), plus a tax exemption about $7,000 (this amount also increse from year to year).

If your annual income (including bank interests) in school minuses the exemptions ($6000 + $7000) lower than that level, you owe nothing to INS and the state (if state tax applied), then you are fine. Usually after the exemptions, most international students do not owe INS tax.

If you traded stocks and gained, then it is another story.

You should have some W-2 Forms mailed from your employers (if state school, from the state). You file your tax return base on the W-2 forms plus other forms, if necessary, such as some forms from your financial institutes.

You should start filing your tax return when you have income in OPT.

所有跟帖： 

• Thanks! -QiDao- ♀ (53 bytes) () 01/14/2004 postreply 07:38:00