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jhkwag97
New Member

International student US resident for tax purpose

Hi
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?
THank you
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Accepted Solutions
DS30
New Member

International student US resident for tax purpose

No. 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)

If you have no income from any sources both foreign and USA based, you will not need to file a US income tax return.

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.

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:

  1. you had a financial interest in or signature authority over at least one financial account located outside of the United States; and
  2. the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click FBAR (TurboTax does not support this form)

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1 Reply
DS30
New Member

International student US resident for tax purpose

No. 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)

If you have no income from any sources both foreign and USA based, you will not need to file a US income tax return.

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.

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:

  1. you had a financial interest in or signature authority over at least one financial account located outside of the United States; and
  2. the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

To be directed to the US Treasury Government Website to prepare a Report of Foreign Bank and Financial Accounts, click FBAR (TurboTax does not support this form)

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