topic International student US resident for tax purpose in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/international-student-us-resident-for-tax-purpose/01/656082#M85807 Hi<BR />I am F-1 visa international sutdent who have been classilified as US resident for tax purpose by Sprintax, because I lived in the US since 2009 December; however, although I did not have income since I came here, do I obligied to make 1040 form and submit it to IRS?<BR />THank you Thu, 06 Jun 2019 09:09:56 GMT jhkwag97 2019-06-06T09:09:56Z International student US resident for tax purpose https://ttlc.intuit.com/community/tax-credits-deductions/discussion/international-student-us-resident-for-tax-purpose/01/656082#M85807 Hi<BR />I am F-1 visa international sutdent who have been classilified as US resident for tax purpose by Sprintax, because I lived in the US since 2009 December; however, although I did not have income since I came here, do I obligied to make 1040 form and submit it to IRS?<BR />THank you Thu, 06 Jun 2019 09:09:56 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/international-student-us-resident-for-tax-purpose/01/656082#M85807 jhkwag97 2019-06-06T09:09:56Z No. Even if you are now considered a US Resident for US i... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-even-if-you-are-now-considered-a-us-resident-for-us-i/01/656092#M85812 <P><B>No. </B>Even if you are now considered a US Resident for US income tax purposes, just like any US citizen or resident alien, you will not need to file a US income tax return if you do not meet the income requirements for filing an income tax return. (screenshot)</P><P>If you have no income from any sources both foreign and USA based, you will not need to file a US income tax return.</P><P>However, if you are considered a US resident for US income tax purposes, you may be required to file an FBAR if you have foreign financial assets.</P><P> </P><P>You may need to file an FBAR if the money was held in a foreign bank account under your name or if you had signature authority over a foreign account. You would need to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and:</P><P> </P><OL> <LI>you&nbsp;had a financial interest in or signature authority over at least one financial account located outside of the United States; and </LI> <LI>the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported. </LI> </OL><P> </P><P>To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click <A href="http://bsaefiling.fincen.treas.gov/NoRegFilePDFIndividualFBAR.html" rel="nofollow" target="_blank">FBAR</A> (TurboTax does not support this form)</P><P> </P> Thu, 06 Jun 2019 09:09:58 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-even-if-you-are-now-considered-a-us-resident-for-us-i/01/656092#M85812 DS30 2019-06-06T09:09:58Z
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topic International student US resident for tax purpose in Deductions & credits
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Hi<BR />I am F-1 visa international sutdent who have been classilified as US resident for tax purpose by Sprintax, because I lived in the US since 2009 December; however, although I did not have income since I came here, do I obligied to make 1040 form and submit it to IRS?<BR />THank you
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/international-student-us-resident-for-tax-purpose/01/656082#M85807
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Hi<BR />I am F-1 visa international sutdent who have been classilified as US resident for tax purpose by Sprintax, because I lived in the US since 2009 December; however, although I did not have income since I came here, do I obligied to make 1040 form and submit it to IRS?<BR />THank you
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No. Even if you are now considered a US Resident for US i...
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<P><B>No. </B>Even if you are now considered a US Resident for US income tax purposes, just like any US citizen or resident alien, you will not need to file a US income tax return if you do not meet the income requirements for filing an income tax return. (screenshot)</P><P>If you have no income from any sources both foreign and USA based, you will not need to file a US income tax return.</P><P>However, if you are considered a US resident for US income tax purposes, you may be required to file an FBAR if you have foreign financial assets.</P><P> </P><P>You may need to file an FBAR if the money was held in a foreign bank account under your name or if you had signature authority over a foreign account. You would need to file a Report of Foreign Bank and Financial Accounts (FBAR) if are a US citizen or resident and:</P><P> </P><OL> <LI>you&nbsp;had a financial interest in or signature authority over at least one financial account located outside of the United States; and </LI> <LI>the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported. </LI> </OL><P> </P><P>To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click <A href="http://bsaefiling.fincen.treas.gov/NoRegFilePDFIndividualFBAR.html" rel="nofollow" target="_blank">FBAR</A> (TurboTax does not support this form)</P><P> </P>
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