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Dont overthink it too much. I've been on F1 for 5 years and file myself using Sprintax. Its like $40 but way cheaper than a CPA. Just have your W2 handy and know when u first entered US. The tax treaty stuff is handled automatically when u enter your home country.
Sprintax overcharged me last year. Found out later that my situation was simple enough that I could have filed for free with the IRS forms. Just be careful with those specialized softwares.
Another important thing to consider is the substantial presence test and how it affects your tax status. Since you started working in September 2024 and will finish in July 2025, you'll likely still be considered a nonresident alien for tax purposes this year, but it's worth understanding how this might change if you stay in the US longer in future years. Also, make sure to keep detailed records of all your tax documents and any correspondence with the IRS. As an F1 student, maintaining proper tax compliance is crucial for future visa applications, OPT extensions, or if you ever apply for other immigration statuses. The IRS has specific publication 519 that covers tax rules for aliens - it's dense reading but has all the official guidance for your situation. One last tip: file your taxes even if you think you don't owe anything or had very little income. F1 students are required to file even with minimal income, and failing to file can create problems later with USCIS or future visa applications.
This is really helpful advice about keeping detailed records! I had no idea that failing to file could affect future visa applications. Quick question - when you mention Publication 519, is that something I should read through completely, or are there specific sections that are most relevant for F1 students on OPT? The document seems pretty overwhelming for someone new to US taxes.
This is similar to when I had to verify for my 2022 taxes, but quite different from my 2021 experience. In 2022, it took about 12 days after phone verification to see my refund, whereas in 2021 it took nearly a month. The current processing seems faster than during the pandemic backlog years, so I'd expect you'll see movement within 2 weeks if your situation is similar to most standard returns.
I went through identity verification about 6 weeks ago (phone verification, similar to yours) and got my refund exactly 9 days later. The key thing I learned is to watch your transcript rather than the "Where's My Refund" tool - my transcript updated 3 days before WMR showed any movement. You'll want to look for the TC 971/570 codes to clear and then see a TC 846 code which means your refund date is set. Since you verified yesterday and it's early in the tax season, you're probably looking at that 7-14 day window most people are mentioning. The good news is phone verification typically processes faster than the mail-in verification letters.
Looking at your numbers, I think I see what might be happening here. You mentioned that your total cost basis is $758,175 for three rental properties, but when FreeTaxUSA calculated $6,070 in prior year depreciation, it sounds like it might only be calculating for one property or treating them differently than TurboTax did. Here's what I'd recommend checking: 1. **Verify you entered all three properties separately** in FreeTaxUSA. Each property should have its own depreciation schedule, not combined into one entry. 2. **Check your 2021 Form 4562 carefully** - look at Part III (MACRS Depreciation) to see if the $21,239 includes any bonus depreciation or Section 179 expensing that you might have overlooked. 3. **Review the property classifications** - make sure FreeTaxUSA has them classified the same way as your 2021 return (residential vs. commercial affects the depreciation period significantly). The math suggests there's definitely something different about how the depreciation is being calculated between the two software programs. If you're still unsure after checking these items, I'd strongly recommend pulling up your actual 2021 Form 4562 and comparing it line-by-line with what FreeTaxUSA is generating to identify exactly where the discrepancy occurs. Don't panic - this is fixable once you identify the root cause!
This is really solid advice! I just went through something similar when I switched from TaxAct to FreeTaxUSA last year. The property classification issue you mentioned is huge - I had one property that TaxAct was treating as residential (27.5 years) but FreeTaxUSA defaulted to commercial (39 years) because of how I described the property use. That alone created a massive difference in my depreciation calculations. @Malik Thompson - definitely check your Form 4562 from 2021 like Sebastian suggested. Look specifically at lines 19a-19i to see if there s'any bonus depreciation or special depreciation that might explain the higher number. Sometimes the software will automatically apply these without making it super obvious in the interview process.
I've been through this exact situation! The key issue is likely that you need to match the exact depreciation method and asset breakdown from your 2021 return. Here's what I'd suggest doing step-by-step: 1. **Pull out your 2021 Form 4562** and look at Part III (MACRS Depreciation). This will show you exactly how TurboTax broke down your depreciation. 2. **Check if TurboTax separated components** - Many tax software programs will automatically separate things like appliances, carpeting, blinds, and other personal property from the building structure. These get depreciated over 5-7 years instead of 27.5 years, which can create much higher first-year depreciation. 3. **Look for bonus depreciation** - If you elected bonus depreciation on any components in 2021, that could easily explain the $15,000+ difference you're seeing. 4. **Verify the property count** - Make sure you're entering all three properties as separate assets in FreeTaxUSA, not combining them. The $6,070 FreeTaxUSA calculated sounds like it's only doing basic building depreciation for one property. If your 2021 return shows $21,239, there's definitely additional depreciation components or methods that aren't being replicated. Don't stress - this is a common issue when switching tax software. The important thing is maintaining consistency with your prior year filings. Once you identify what TurboTax did differently, you can replicate it in FreeTaxUSA.
One thing to consider that hasn't been mentioned much is the depreciation savings. If you're currently driving your 2021 Honda Civic for personal use, you're putting wear and tear on your own asset. With a company car, all that depreciation hits their books instead of yours. I'd also ask your employer about their policy for different types of personal use. Some companies are more restrictive about things like out-of-state trips or using the car for ride-sharing/delivery services. And definitely find out if they have any mileage tracking requirements - some employers want detailed logs of business vs personal use, which can be a hassle. The maintenance aspect is huge too. If the company covers oil changes, tire replacements, repairs, etc., that's real money saved even after the tax hit. I'd estimate what you typically spend annually on your Honda's maintenance and factor that into your decision.
Great point about depreciation! That's something I hadn't really thought about. My Honda is still pretty new and I've been trying to keep the mileage low to preserve its value. If I could shift most of my driving to a company car, that would definitely help maintain my car's resale value down the road. Do you know if there are any restrictions on how far you can travel with company cars? Like if I wanted to take a road trip to another state, would that typically be allowed for personal use?
Great question about company car policies! Travel restrictions vary widely by employer. Some companies have no geographic limits as long as you're using it for approved personal use, while others restrict travel to certain states or within a specific radius from your home base. The key things to ask HR about: 1) Geographic restrictions (if any), 2) Whether you need pre-approval for long trips, 3) Who's responsible if something happens out of state, and 4) Whether their insurance coverage changes based on location. Most companies I've seen allow road trips as long as you're not using the car for business purposes like Uber or moving services. But definitely get this in writing - the last thing you want is to be stranded somewhere because you violated a policy you didn't know about. Also worth noting that longer trips will increase your personal use percentage, which affects your taxable benefit calculation. So factor that into your overall cost analysis when deciding if the company car makes financial sense for your situation.
This is super helpful info! I'm actually in a similar situation where I'm considering a company car offer. One follow-up question - do most companies require you to return the car immediately if you leave the company, or do they typically give you some transition time to find alternative transportation? I'm a bit worried about being car-dependent on something I don't own, especially since my current car is reliable. It would be awful to suddenly be without transportation if I had to job hunt or got laid off unexpectedly.
Mei Wong
I had a very similar issue with my 2024 return! TurboTax kept blocking me from filing because of the Form 4684 delay, even though my hurricane damage was from 2017. I spent way too much time researching this before realizing the software was just being overly broad with its questions. The key thing to understand is that the current Form 4684 delays only affect specific disaster provisions that were updated for recent disasters (mainly 2023-2024). If you already claimed all your Hurricane Florence losses on your 2018 return and have no new casualty losses for 2024, you can safely answer "No" to the disaster question. I changed my answer and filed without any problems. The IRS isn't going to flag you for not reporting a disaster that was already fully handled on a previous year's return. Sometimes tax software errs on the side of asking too many questions rather than missing something, but in this case it's just creating unnecessary confusion for people whose disasters were properly reported years ago.
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StarStrider
ā¢This is really reassuring to hear from someone who went through the exact same situation! I was getting so stressed about potentially missing something important or making a mistake by changing my answer. Your point about tax software erring on the side of asking too many questions makes total sense - they'd rather ask everyone about disasters than accidentally miss someone who actually needs to report new losses. Since my Hurricane Florence situation was completely resolved in 2018 with no ongoing issues, I feel much more confident about going back and answering "No" to get past this filing block. Thanks for sharing your experience!
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Giovanni Martello
I went through this exact same frustration last year! The Form 4684 delay message in TurboTax can be really misleading when it applies to older disasters that were already properly reported. From what you've described, since you already claimed all your Hurricane Florence losses on your 2018 return and there are no ongoing insurance settlements or newly discovered damage, you should be able to change your answer to "No" on the disaster question without any issues. The current Form 4684 delays are specifically related to updates for certain 2023-2024 disasters, not older ones like Hurricane Florence from 2018. Tax software sometimes casts a wide net with these screening questions, but if your disaster was fully resolved years ago, there's no need to involve Form 4684 on your current return. I'd recommend going back in TurboTax, changing that disaster answer to "No," and filing your return. You won't miss any deductions since you already took them in the correct year, and you'll avoid unnecessary delays waiting for form updates that don't even apply to your situation.
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Jake Sinclair
ā¢This is exactly what I needed to hear! I've been stressing about this for weeks, thinking I might be missing something important or making a costly mistake. Your explanation about the Form 4684 delays being specific to recent disasters really clarifies things for me. Since Hurricane Florence was back in 2018 and I already handled all the tax implications on that year's return, it makes perfect sense that I don't need to deal with any of this current form delay nonsense. I'm going to go change my answer right now and finally get my 2024 return filed. Really appreciate you taking the time to share your experience with this!
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