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Paying Short Year Tax

Case explained in this example: 

Mike has become Legal Permanent Resident of US in October 2019. He would like to file taxes now for 2019, Can he file his taxes for 3 month of 2019 only, ? What is the procedure if he would like to file tax for short year? He doesn't have Form W-2 form his employer. 

 

 

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Accepted Solutions

Paying Short Year Tax

He should not try to use pay stubs.  They rarely match the W-2.  The employer should have issued a W-2 by the end of January.  Contact the employer to obtain the W-2.  

 

And....you said this tax return is for a U.S. resident---just make sure you should be using TurboTax--if the person in question is a non-resident alien, you cannot use TT.

 

NON RESIDENT ALIEN 

If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax.  You can use TT’s partner, sprintax:

https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html

 

And....no, you do not reduce the standard deduction.  Get the W-2, enter the income and let the software do all the calculations.  

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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3 Replies

Paying Short Year Tax

What income document if any does "Mike" have for 2019?    An income tax return is for the income received in the tax year--it is not based on which specific months the income was received in.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Paying Short Year Tax

Thank you for your reply, 

 

He has pay stubs. 

I am assuming that he can calculate his gross income for 3 months and and pay his taxes for that period. Do you think he could calculate the deduction like this?  $12,200/12*3 = $3,050

 

 

Paying Short Year Tax

He should not try to use pay stubs.  They rarely match the W-2.  The employer should have issued a W-2 by the end of January.  Contact the employer to obtain the W-2.  

 

And....you said this tax return is for a U.S. resident---just make sure you should be using TurboTax--if the person in question is a non-resident alien, you cannot use TT.

 

NON RESIDENT ALIEN 

If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax.  You can use TT’s partner, sprintax:

https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html

 

And....no, you do not reduce the standard deduction.  Get the W-2, enter the income and let the software do all the calculations.  

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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