Rajiv,
1) Does it impact the chances of getting an H1-B, if the petitioner has a negative income. In other words, if the organization that in my case is Not-for-profit is making a loss. Let me clarify, that the parent organization which is also Not-for-profit is making money. I mean overall the enterprise (not-for-profit) is making money but my employer (part of this enterprise) is losing money.
2) Although my OPT will expire in May 05, I have to apply or an H1 now. In which case, my H1 will kick-in no later than Oct/Nov 04. This means that I'll be unable to use my complete OPT period because if I apply for H1 in April 05, it will kick in Oct/Nov 05 and as my OPT will expire in May 05, I will not qualify for the 60 day grace period. Isn't this wrong? Considering the number of students in a similar situation the government will make more money. A) Everyone is using Premium processing and B) everyone is not utilizing the complete OPT duration, which means when they start on H1 they pay more taxes (Medicare and social Security) than if they were on OPT (F1) when they don't pay Medicare and Social Security. If I am not mistaken it comes to $350 a month on a $60k job. Multiply that by the number of students, it sure must be a big number. Comments?
Your comments are greatly appreciated
Amit
1) Does it impact the chances of getting an H1-B, if the petitioner has a negative income. In other words, if the organization that in my case is Not-for-profit is making a loss. Let me clarify, that the parent organization which is also Not-for-profit is making money. I mean overall the enterprise (not-for-profit) is making money but my employer (part of this enterprise) is losing money.
2) Although my OPT will expire in May 05, I have to apply or an H1 now. In which case, my H1 will kick-in no later than Oct/Nov 04. This means that I'll be unable to use my complete OPT period because if I apply for H1 in April 05, it will kick in Oct/Nov 05 and as my OPT will expire in May 05, I will not qualify for the 60 day grace period. Isn't this wrong? Considering the number of students in a similar situation the government will make more money. A) Everyone is using Premium processing and B) everyone is not utilizing the complete OPT duration, which means when they start on H1 they pay more taxes (Medicare and social Security) than if they were on OPT (F1) when they don't pay Medicare and Social Security. If I am not mistaken it comes to $350 a month on a $60k job. Multiply that by the number of students, it sure must be a big number. Comments?
Your comments are greatly appreciated
Amit