INTERNATIONAL STUDENTS TAX WORKSHOP 2014
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Transcript of INTERNATIONAL STUDENTS TAX WORKSHOP 2014
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INTERNATIONAL STUDENTS
TAX WORKSHOP2014
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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?
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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.
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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
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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.
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International Students (F& J)
Nonresident Alien Status Includes immediate family members
5 year testAll must file Form 8843
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FORM 8843
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Complete only if not required to file 1040 NR
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FORM 8843
Sign and date
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Department of the TreasuryInternal Revenue Service Center
Austin, TX 73301-0215
Mail To:
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FORM 1040NR
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4,400 150
300
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04$2,000
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15 $960
$131
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Box 1
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4,400
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Amount on Line 11 is last year’s state refund plus $10
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Box 2
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$960
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Box 2
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04$2,000
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Box 17
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300
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Everyone
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74
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Box 2
Box 7
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150
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$131
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Finishing the Return
•Attach 8843, W-2 and 1042-S
•Sign & date •Keep copy•Mail by April 15
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Internal Revenue Service CenterAustin, TX 73301-0215
Mail To:
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IDAHO RETURN
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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.
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FORM 43
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SCH - $960
Line 12 1040NR
Wages & Taxable Scholarship
Taxable Scholarship
Ln 8 + Ln 12 1040 NR
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Ln 23 – 1040NR
Ln 11 – 1040NR
Ln 38 – 1040NR
Box 17 – W-2
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16
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300
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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
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Use Envelope in PacketMail To:
or Mail To:
Idaho State Tax Commission
P. O. Box 56
Boise ID 83756-0056
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SOCIAL SECURITY TAX
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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
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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.