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| J1 Tax Return J1 Tax Exemption J1 Tax Refund J1 Tax Treaty J1 Tax Back Form 1040NR J1 Taxes J1, J2 Visa Taxes - J1 Tax Refund Exemption Tax Treaty J1 J2 Student, Researcher, Physician - J1 Tax back, J1 J2 tax exempt status India, china tax treaty benefits |
12-09-2009, 01:28 AM
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This thread has been extremely helpful., thank you.
I have a quick question. I am on a J1 visa as a research Scholar and intend to stay beyond the 2 year tax treaty (UK to US). My visa was granted for 5 years. I arrived in Febuary 2008 and filed for my 2008 taxes correctly. At the time I was not expecting to stay beyond two years and claimed back the 2008 taxes. I have paid all of my 2009 income taxes. At what date do I have to pay back the 2008 taxes retroactively? Is it when I file my 2009 taxes in April or on the 25th February when my two years are over?   
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12-09-2009, 04:25 PM
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The sooner, the better
If you know for fact that you will exceed the two year exemption period, then you should amend your 2008 return and pay the back taxes as soon as possible.
While the IRS MAY waive the late-payment penalties, by law they CANNOT waive the interest due, and the longer you wait, the higher the interest will be.
__________________
The No 1 Tax Preparation Service for International Students, Foreign Nations, Greencard holders and US Citizens deployed overseas. Save Taxes on H-1B, OPT, F-1, J-1, L-1 and other visas. Apply for Non Resident Tax Forms 1040NR,1040NR-EZ, Form 8843 and Form 843, plus ALL state tax returns! Visit http://www.VisaTaxes.com The No 1 Non Resident Tax Preparation Firm, trusted by thousands of F1, J1, H1B other visa holders in US. Ask us about our 10% Refer a Friend Tax Discount
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