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I was a F-1 student 2 yrs ago, but I still have money in the mutual funds. Do I need to file tax? which forms?

September 12th, 2010 | | Tags: , , | 1 Comment | |

moneycartoon

I finished studying and returned to my home country 2 yrs already. My concern is what kind of status should I file the tax? and which form? Can I open the IRA account? Thanks a lot.

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One Response to “I was a F-1 student 2 yrs ago, but I still have money in the mutual funds. Do I need to file tax? which forms?”

  1. JM Says:

    Typically you pay tax in the country you reside, but that would depend on that country. Since you’re not a US citizen you shouldn’t have to pay US tax. This may also depend if there is a tax treaty between your country and the US. Although not really clear in your question, I assume that money is in a 401k, you should be able to open an IRA and rollover the money without a tax consequence in the USA. If you really want to be sure it is best to ask an accountant that knows your country’s tax system and the US tax system, but that may be expensive and cost more than what’s in your mutual funds, so not worth it.

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