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Do You Need to File for US Federal Tax Returns?

 What is a US Federal Tax Return?

A US federal tax return is a document that reports your income, deductions, and credits to the Internal Revenue Service (IRS). The IRS uses this information to determine how much tax you owe or how much refund you are entitled to.

 

What is a US Federal Tax Return?

 Who Needs to File for US Federal Tax Returns?

If you are an international student or non-resident alien in the US, you may need to file for US federal tax returns if you meet any of the following criteria:

 - You earned income in the US during the tax year (January 1 to December 31).

 - You received a scholarship or fellowship that exceeds your qualified education expenses.

 - You received income from a US source that is subject to withholding tax (such as dividends or rental income).

 - You had a taxable capital gain from the sale of a US property.

 How to File for US Federal Tax Returns?

To file for US federal tax returns, you need to complete and submit Form 1040NR or Form 1040NR-EZ. These forms are specifically designed for international students and non-resident aliens who earned income in the US. You may also need to file a state tax return if you earned income in a state that requires state income tax.

When to File for US Federal Tax Returns?

The deadline to file for US federal tax returns is April 15th of the following year. For example, if you earned income in the US in 2020, you need to file your tax returns by April 15, 2021. However, if you cannot file your returns by the deadline, you can request an extension by filing Form 4868.

 Conclusion

In conclusion, as an international student or non-resident alien in the US, you may need to file for US federal tax returns if you earned income in the US or received a scholarship or fellowship that exceeds your qualified education expenses. It is essential to understand the basics of US federal tax returns and seek professional advice if necessary. By filing your tax returns on time, you can avoid penalties and ensure compliance with US tax laws.

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