INTERNATIONAL STUDENTS TAX WORKSHOP 2014
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Transcript of INTERNATIONAL STUDENTS TAX WORKSHOP 2014
INTERNATIONAL STUDENTS
TAX WORKSHOP2014
INTRODUCTORY ITEMS
•Entered the U.S. in 2014?•Tax Treaty Country?•What country are you from? •Type of Visa?•Married to a U.S. resident or citizen?
Nonresident Students Filing Requirements
All F, J, M, and Q status holders must file a Form 8843 to substantiate non-residence and possibly a Form 1040NR-EZ or Form 1040NR.
FILING REQUIREMENT
You must file Form 1040NR-EZ or 1040NR if you have:
1. Wages or Scholarship Income Exempt by Treaty
2. Wages of $3,900 or more
3. Taxable Scholarship Income
4. A Refund Due of Taxes Withheld
Consequences of Failure to File
• You may lose a refund you are entitled to.
•You may jeopardize your immigration status. Nonimmigrant alien status requires that the individual not violate any U.S. laws, including tax laws.
International Students (F& J)
Nonresident Alien Status Includes immediate family members
5 year testAll must file Form 8843
FORM 8843
Complete only if not required to file 1040 NR
FORM 8843
Sign and date
Department of the TreasuryInternal Revenue Service Center
Austin, TX 73301-0215
Mail To:
FORM 1040NR
4,400 150
300
04$2,000
15 $960
$131
Box 1
4,400
Amount on Line 11 is last year’s state refund plus $10
Box 2
$960
Box 2
04$2,000
Box 17
300
Everyone
74
Box 2
Box 7
150
$131
Finishing the Return
•Attach 8843, W-2 and 1042-S
•Sign & date •Keep copy•Mail by April 15
Internal Revenue Service CenterAustin, TX 73301-0215
Mail To:
IDAHO RETURN
Filing Requirements
•Nonresident – Income over $2,500. File Form 43.
•Any person who had Idaho income tax withheld can file even if not required to do so.
FORM 43
SCH - $960
Line 12 1040NR
Wages & Taxable Scholarship
Taxable Scholarship
Ln 8 + Ln 12 1040 NR
Ln 23 – 1040NR
Ln 11 – 1040NR
Ln 38 – 1040NR
Box 17 – W-2
16
300
Finishing the Idaho Return
•Attach W-2s and 1042Ss•Sign & date the return•Attach complete copy of Federal Return
•Keep copy•Mail by April 15th
Use Envelope in PacketMail To:
or Mail To:
Idaho State Tax Commission
P. O. Box 56
Boise ID 83756-0056
SOCIAL SECURITY TAX
Social Security Tax You are NOTNOT subject to Social
Security and Medicare tax withholding on your wages if:
You have on campus employmentYou are authorized for Curricular or
Optional Practical TrainingYou are authorized for employment
due to Economic Hardship
FICA REFUNDS
When withheld in error:- Ask employer for refund. If
employer is unable to refund these taxes, request statement.
- If not refunded, use IRS Form 843 and Form 8316 to request refund.