Serbinski Accounting Firms

Hello!

I have a question about filing for tax between states for my brother and I.

- In my situation: I moved to a new job in another state at the very end of 2015 (December 30, 2015). However, in 2016 I received the bonus payment for work I did in 2015 with the old employer. While I will file ...

Hello,

Once you leave Canada permanently, file the NR73 and report your departure date in the T1, do you still need to file the T1 for non-resident form in future years?

A person at HR block told me that I do not need to file any forms in future years until I come back to Canada and become a ...

Thanks for your help nelsona!

Thanks nelsona.

I talked to HR again (this time a more experienced person), and she said that I would have to pay FICA on the bonus, even if it's a separate paycheck and for the period I was on OPT.

=(

Actually, I just checked and saw that my bonus was in a separate paycheck. I received a paycheck for my biweekly pay, and an additional paycheck for my bonus.

Thanks!
I see... so I need HR to explicitly point out that the bonus is for the OPT period in order for FICA to not be deducted?

The HR contact was pretty clueless, and hence I decided to consult some of the experts on here.

Thank you!

Hello,

I have a question about the treatment of bonuses for a F1 to H1B transition.

My F1 OPT began on June 2011 and ended June 2012, at which point I transferred to a H1-B visa. During my F1 OPT period, I did not have to pay FICA or medicare. I was also paid a bonus in August 2012 for my period ...

Great. Thank you!

I see. OK thanks!

How exactly do I deduct moving expenses? Flights, etc? Do I need to keep all receipts?

OK. So if I received a $10,000 relocation bonus, do i have to pay tax on that?

How come?

http://www.askmehelpdesk.com/taxes/f1-i ... 20218.html

Hello,

I spoke with a co-worker and she mentioned that Relocation Allowances given at the beginning of employment is tax exempt? (I am currently on F1/H1B) if it makes any difference.

Furthermore, I was told that rent and living expenses while I am on F1 visa are also tax deductible?

Thanks in ...

Thanks nelsona
unfortunately, i am single and no kids. So for me, 15% ends at $32550?

Thanks Nelsona,

Would you mind elaborating a little on how to bring marginal tax down to 15% on a 100K/yr salary with 401K? Isn't the contribution limit 16K?


Thanks again!