Non-Immigrants (H1B) Tax Filing Assistance!

What is H1-B Visa? And, are YOU required to pay taxes on US earnings? The H1B visa is an employment-based, non-immigrant visa for temporary workers (Foreign Nationals). For this visa, an employer must offer a job in the US and apply for your H1B visa petition with the US Immigration Department (USCIS).

These specialty occupations include: 1. Engineers 2. IT / Computer Professionals 3. Accountants 4. Financial analysts 5. Management consultants 6. Architects, Etc.

How I’m treated for tax purposes in the United States? Although the tax residency rules are based on immigration laws concerning immigrant and non-immigrant aliens, the tax rules define residency for tax purposes in a very different way from U.S. immigration law

For tax purposes, there are two types of aliens: resident and non-resident aliens. Resident aliens are taxed in the same manner as U.S. citizens on their worldwide income, and

Non-resident aliens (with certain narrowly defined exceptions) are taxed only on income derived from sources within the United States and/or income effectively connected with a U.S. trade or business.

Generally, an individual in H-1B will be treated as a U.S. resident for federal income tax purposes if he or she meets the Substantial Presence Test

What is the Substantial Presence Test (SPT)? The test is applied on a calendar year-by-calendar year basis (January 1 – December 31). To pass the test, an individual must have been present in the US for at least:

31 days of the ‘Current Calendar Year’ and Total as 183 Days over the current year and the two prior years. Precisely, this count should include all days in the current year, one-third of the days present in the year before the current year, and one-sixth of the days existing two years before the current year.

What are the taxes that you’re required to pay? Federal Income Tax. Social Security, and Medicare (FICA). State Income Tax. Local Income Tax.

Do you get any tax benefits or deductions? We at Crescent Tax Filing can help you evaluate tax situations and tax filing with the consideration of allowed tax deductions or credits.

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