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Questions regarding USA Income Tax Return for 2013
Hi,
Please help me with following questions regarding 2013 income tax return. Following are my details -
1) I am an Indian Citizen. Came to USA in March 2013 on H1B Visa. Worked and received salary in India for Jan and Feb and getting salary in USA starting March 2013.
2) My wife is Indian Citizen. She stayed in India entire 2013. She is a housewife and does not have any income whatsoever. She already has ITIN from our last stint to USA.
3) My Son is a USA Citizen with SSN number. He stayed in India entire 2013 with his Mom.
4) My daughter is Indian Citizen. She stayed in India with her Mom and has never been to USA. She does NOT have ITIN.
Please help me with following questions -
1) I will be filling as "Married Filling Jointly" for 2013. As my wife was non-resident alien in 2013 and we will be treating her as resident for tax purposes, is it mandatory to attach a statement /declaration for same with return? We have filled in same status for several years in past (2006-2010), but at that time both of us were in USA. Will IRS even know she was not with me in USA this time? Getting her signature on such statement from India is a pain and I would like to avoid it if possible.
2) My Son being a US Citizen qualifies for dependent exemption. He also qualifies all points for Child Tax Credit except the point "Child should have lived with you for more then 6 months". For this point, I think he should qualify as he lived with his Mom all the time and we both are filling joint return. Can we say that "He lived with us" and claim child tax credit? (Remember wife does not have have any income).
3) I read somewhere that since we are treating my non-resident alien spouse as resident for tax purposes, we both have to declare our worldwide income. Do I need to include my India salary for Jan and Feb in USA tax return?
4) If I include my India salary, what currency conversion rate should I use to report earning / tax in US Dollars. In Jan / Feb 1 USD was 55 INR which has now increased to 61 INR.
5) As I paid income tax in India on Jan / Feb Salary, should I claim that tax under foreign tax credit head?
6) I was planning to e-File my return. Can I still do that with all additional forms or statements as mentioned above. Specially with a statement from spouse asking to consider her as Resident alien (if mandatory) and with Foreign Employer compensation and Foreign tax credit as mentioned above.
7) I believe as my daughter is non-resident alien and has never been to USA, I cannot claim her as dependent, so she will not figure anywhere in my return. Can you please confirm this is correct?
8) Sorry for so many questions... Last one...will having all above adjustments increase my odds of getting picked up for an IRS Audit at a later date? I will be using Standard deduction.
Will appreciate if you can reply point wise. If you do not know all answers, please reply whatever you know. Thanks.
Regards
Please help me with following questions regarding 2013 income tax return. Following are my details -
1) I am an Indian Citizen. Came to USA in March 2013 on H1B Visa. Worked and received salary in India for Jan and Feb and getting salary in USA starting March 2013.
2) My wife is Indian Citizen. She stayed in India entire 2013. She is a housewife and does not have any income whatsoever. She already has ITIN from our last stint to USA.
3) My Son is a USA Citizen with SSN number. He stayed in India entire 2013 with his Mom.
4) My daughter is Indian Citizen. She stayed in India with her Mom and has never been to USA. She does NOT have ITIN.
Please help me with following questions -
1) I will be filling as "Married Filling Jointly" for 2013. As my wife was non-resident alien in 2013 and we will be treating her as resident for tax purposes, is it mandatory to attach a statement /declaration for same with return? We have filled in same status for several years in past (2006-2010), but at that time both of us were in USA. Will IRS even know she was not with me in USA this time? Getting her signature on such statement from India is a pain and I would like to avoid it if possible.
2) My Son being a US Citizen qualifies for dependent exemption. He also qualifies all points for Child Tax Credit except the point "Child should have lived with you for more then 6 months". For this point, I think he should qualify as he lived with his Mom all the time and we both are filling joint return. Can we say that "He lived with us" and claim child tax credit? (Remember wife does not have have any income).
3) I read somewhere that since we are treating my non-resident alien spouse as resident for tax purposes, we both have to declare our worldwide income. Do I need to include my India salary for Jan and Feb in USA tax return?
4) If I include my India salary, what currency conversion rate should I use to report earning / tax in US Dollars. In Jan / Feb 1 USD was 55 INR which has now increased to 61 INR.
5) As I paid income tax in India on Jan / Feb Salary, should I claim that tax under foreign tax credit head?
6) I was planning to e-File my return. Can I still do that with all additional forms or statements as mentioned above. Specially with a statement from spouse asking to consider her as Resident alien (if mandatory) and with Foreign Employer compensation and Foreign tax credit as mentioned above.
7) I believe as my daughter is non-resident alien and has never been to USA, I cannot claim her as dependent, so she will not figure anywhere in my return. Can you please confirm this is correct?
8) Sorry for so many questions... Last one...will having all above adjustments increase my odds of getting picked up for an IRS Audit at a later date? I will be using Standard deduction.
Will appreciate if you can reply point wise. If you do not know all answers, please reply whatever you know. Thanks.
Regards
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