close
Do you like trackitt?
  • jQuery News Ticker now has support for multiple tickers per page!
  • jQuery News Ticker now has support for right-to-left languages!
  • jQuery News Ticker now has support for loading content via an RSS feed!
  • jQuery News Ticker now has an optional fade effect between items!
  • New updates have been made to jQuery News Ticker! Check below for more details!
  • jQuery News Ticker is now compatible with jQuery 1.3.2! See below for further details and for latest download.
  • Further updates to jQuery News Ticker are coming soon!

Member Profile: VijayDinaNath (35 posts)

Advertisement    
 
Hello, I'm VijayDinaNath (report this user)
I am from India
I last logged in on 30 Dec 2017
I have been a member since 15 May 2017
I have added 35 posts in trackitt forums
I added my last post on 30 Dec 2017
VijayDinaNath's Posts
1 2 Next »
Posted in I-485 Forum on 30 Dec 2017
Topic: New proposal to prohibit h1b extensions!


How HR 392 is going to help in solving this new rule (If it is implemented).This is ridiculous. Please dont advice something which is fruitful to a bunch of people and doesnt solve problem for others.


Yes sending letters and retweeting will do.. Carry on with ur work.. We deserve this with people like u still being delusional.
I don't like this postI like this post
Posted in I-140 Forum on 30 Dec 2017
Topic: H.R. 392, Fairness for High Skilled Immigrants Act


If the administration have all the anti h1/h4 policy brewing up.. don't know what chance we have for hr 392 clearing the floor..they are doing all these to please people for coming elections


That could be done by sending 100k letters lol.. Letter4Fairness SIIA stupid group..
I don't like this postI like this post
Posted in I-140 Forum on 30 Dec 2017
Topic: H.R. 392, Fairness for High Skilled Immigrants Act


2018 will be the most challenging year for us who are in the never ending waiting for GC...we can't entirely blame the system..as many Indian firms made benefits from the current system..it's time to think about plan b


Still delusional about indian firms. Microsoft, Google and others now will not come forward to express their displeasure.
Instead they will use this as an excuse to ask for 200k H1Bs.
I don't like this postI like this post
Posted in I-140 Forum on 30 Dec 2017
Topic: H.R. 392, Fairness for High Skilled Immigrants Act




Does anyone know if mcclatchydc is a credible news site or some anti immigrant publication like Breitbart?



seems they do factual reporting.

https://mediabiasfactcheck.com/mcclatchydc/
I don't like this postI like this post
Posted in I-485 Forum on 30 Dec 2017
Topic: New proposal to prohibit h1b extensions!

May be now our desi junta will come out of their caves and work for HR 392.
I don't like this postI like this post
Posted in I-140 Forum on 17 Dec 2017
Topic: IV Call today Dec 17th

Quoting from IV group as some people will doubt that govt cannot remove beyond 6 years extn:


Here is the law about 6th year H1 extensions from below:

https://www.uscis.gov/ilink/docView/PUBLAW/HTML/...

(2) is eligible to be granted that status but for application of the per country limitations applicable to immigrants under those paragraphs, may apply for, and the Attorney General may grant, an extension of such nonimmigrant status until the alien’s application for adjustment of status has been processed and a decision made thereon.


Note the word - “may”. The 6th year extension is discretionary.
I don't like this postI like this post
Posted in I-140 Forum on 14 Dec 2017
Topic: Crypto trading on H1B


Well.. if you manage your own crypto wallets (not the wallets stored on exchanges; like coinbase that verifies your identity), I don't think there is a way for any government to track all your trades (hourly, daily, weekly whatever) ;)


Question is not here about taxes, but what one can do or not do on H1B. We can always declare everything in our tax returns.
Also, managing own wallets will not help you to encash in $$. Ultimately you will have to move it to an exchange.
I don't like this postI like this post
Posted in I-140 Forum on 14 Dec 2017
Topic: Crypto trading on H1B




https://www.irs.gov/pub/irs-drop/n-14-21.pdf

Trading on cryptocurrency is not taxed as a trading securities, rather they should be reported as trading properties, and report gains and losses. Should be reported as if https://www.irs.gov/pub/irs-pdf/p544.pdf . It is 8949 rather than 1099

Crypto mining on the other hand is considered as self-employment income. I think this can be problematic for H1Bs or any other aliens bound to specific employers.


This is right and thats how taxes are reported on Bitcoins.
So question he is what constitutes trading properties? Is it land/home etc.? If that is the case then are H1B people allowed to buy multiple homes (even if thats not the possibility but just asking) and then sell on profit? Can they buy and sell gold for profits, if they correctly declare taxes?



I have similar but unrelated question, I know we can eat cheese pizza but is a person on H1B allowed to eat chicken pizza with extra cheese on it? Does it constitute to unhealthy or cause obesity and not allowed?

Stop trolling Mr.Nath. for more specific questions related to tax or investing, reach out to a good tax consultant.



I also have a suggestion. You can always pass on this thread if you dont like.
This is a site for people to ask and share their opinions on US work visas; what they can do or not do.
For every clarification seeked here, one can also check with immigration attorneys. Its just that it always helps to get some info, if someone similar has underwent through that process.
I don't like this postI like this post
Posted in I-140 Forum on 14 Dec 2017
Topic: Crypto trading on H1B


https://www.irs.gov/pub/irs-drop/n-14-21.pdf

Trading on cryptocurrency is not taxed as a trading securities, rather they should be reported as trading properties, and report gains and losses. Should be reported as if https://www.irs.gov/pub/irs-pdf/p544.pdf . It is 8949 rather than 1099

Crypto mining on the other hand is considered as self-employment income. I think this can be problematic for H1Bs or any other aliens bound to specific employers.


This is right and thats how taxes are reported on Bitcoins.
So question he is what constitutes trading properties? Is it land/home etc.? If that is the case then are H1B people allowed to buy multiple homes (even if thats not the possibility but just asking) and then sell on profit? Can they buy and sell gold for profits, if they correctly declare taxes?
I don't like this postI like this post
Posted in I-140 Forum on 12 Dec 2017
Topic: Crypto trading on H1B



agreed. But I understand day trading is not allowed on H1b, as it is considered as a full time job.
So is buying and selling Cryptos is considered as day trading , if you do that more than 5 times a week?



It completely depends on your volume of trading per week and if it is retail trading. If you are generating "substantial" trades per week it may be counted as a business venture. For informal trading just for investment purpose it should be Ok, but again it should not become a substantial part of your income. The interpretation of "substantial" is usually not taken up until there is a problem like tax audit. So, err on the safer side and limit transactions per week.


Thanks all. We know Cryptos are highly volatile. Within hours it rises to moon and then comes down to earth.
So with that I may not buy and sell daily, but chances are i may buy something and then sell it off within couple of days.
One of my colleague (who is a bit of a**hole as he keeps spreading rumors), is saying this is not for H1Bs.
so thats why was asking lets say if I buy and sell , not daily but 7-8 times in a week? What will happen in that case?
Sorry of question seems redundant. I just want to be careful.
I don't like this postI like this post
Posted in I-140 Forum on 12 Dec 2017
Topic: Crypto trading on H1B

agreed. But I understand day trading is not allowed on H1b, as it is considered as a full time job.
So is buying and selling Cryptos is considered as day trading , if you do that more than 5 times a week?
I don't like this postI like this post
Posted in I-140 Forum on 12 Dec 2017
Topic: Crypto trading on H1B

Ok thanks.
But how about whether its allowed on H1B.
I understand its treated as assets. So is buying and selling assets legal?
I don't like this postI like this post
Posted in I-140 Forum on 12 Dec 2017
Topic: Crypto trading on H1B

Anyone with advise on this?
I don't like this postI like this post
Posted in I-140 Forum on 15 Nov 2017
Topic: H.R. 170 Quickly Passed by the House Judiciary Co

But isn't Lofgren original bill had put wage level to be median wage+30%, which came out to be 135k in some job titles.
So why is 135k not applicable in this compromise bill? M i missing something.
I don't like this postI like this post
Posted in I-140 Forum on 15 Nov 2017
Topic: H.R. 392, Fairness for High Skilled Immigrants Act

Novice question. What constitues third party employers? EVC companies or just EC companies like TCS , Infosys.
I don't like this postI like this post
Posted in H-1B Forum on 10 Nov 2017
Topic: H1b extension denied after RFE

Personally, I have seen a lot of RFEs coming in my company recently, but all are getting approved after submitting the response. So, may be RFE is not an issue if you have all the paperwork intact.
And yes I am talking about QA and tester roles on wage level 2.
I don't like this postI like this post
Posted in I-140 Forum on 07 Nov 2017
Topic: H1B denial- Rumour or true

How about people with level 2 LCA and having all documents.
I have seen by default most companies file LCAs one level down, like if someone is working on wage level 2, they file for level 1 and similarly for level 3 they file for level 2.
I don't like this postI like this post
Posted in I-140 Forum on 06 Nov 2017
Topic: Crypto trading on H1B

Are H1b workers allowed to do cryto trading?
If so how are taxes declared on it? What if I just trade in cryptos and never encash it with USDs?
In that case too I have to declare my taxes as I am profiting or making losses over them.
I don't like this postI like this post
Posted in I-765 (EAD) Forum on 11 Oct 2017
Topic: H4 EAD Renewal

so was your spouse EAD was applied within 3 months of expiry or more than 3 months of expiry?
I wanted to know if there is any minimum duration for H4 EAD before which you cannot apply? Somewhat like what is 6 months for H1B extension.
I don't like this postI like this post
Posted in I-765 (EAD) Forum on 11 Oct 2017
Topic: H4 EAD Renewal

hi friends,

my spouse H4 EAD is expiring along with my H1b in about 5 months.
My company has applied for my extension but hasn't processed H4 EAD extn concurrently. I have to file it separately.
So, my question is:
1. Can I file H4 EAD extn 5 months in advance with my receipt number?

Can someone share the renewal guidelines from official site?
I don't like this postI like this post
1 2 Next »