Under
the U.S. Hungary, Barbados and Jamaica tax treaties, students from these
countries may choose to be treated as a "resident alien for tax purposes"
and file either
Form 1040EZ, Form 1040A, or Form 1040
,,,,,,,,,,,,
Note:
Visiting scholars and researchers are not eligible.
| Advantages:
- You can claim
tax credits normally not available to nonresident aliens
- You can
claim the "standard deduction"
- You can claim
exemptions for your spouse and dependent children.
Disadvantages:
- You will
be taxed on your worldwide income including grants from abroad
- You may
be subject to Social Security and Medicare withholding on your
wages
How
to make the choice:
Attach a signed
statement to your tax return for the first tax year
for which the choice applies:
- A declaration
that you are a citizen and resident of Hungary, Barbados or Jamaica
and that you choose to be treated as a U.S. resident for the entire
tax year.
- Include
your name, address, and Social Security number.
- Sign and
date the statement.
| Example
Statement
Date
To
Whom It May Concern:
I am an (insert F-1 or J-1) student in the U.S.
attending (insert the name of your university).
Beginning with the tax year 2008, I choose to be treated
as a U.S. resident for the entire tax year. This right
is granted to me under the U.S/(insert Hungary, Barbados
or Jamaica) income tax treaty Article (Hungary=18,
Barbados=20 or Jamaica=21).
Your
Signature
Your Printed Name
Address
SSN or ITIN |
Note:
You should visit your Payroll Office and complete Form W-9.
Mailing
instructions:
Only the first year that you make the election, your return along with your statement must be mailed to:
Internal Revenue Service
Austin,
TX 73301-0215
Future tax returns should be mailed following instructions for Form 1040EZ, 1040A, or 1040.
Be sure to sign and date the forms and keep copies for your records.
|
|
|
|
|
|
| Instructions
for Filing Form 1040EZ, 1040A, or 1040 |
|
