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Texas State University- San Marcos International Student Orientation - Nonresident Alien Tax Issues. Topics to be Covered. Types of Student Visas Residency Status Tax Status Taxable Income Requirements if a Student will be earning Income Filing Annual U.S. Tax Return - PowerPoint PPT Presentation
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Texas State University-San Marcos
International Student Orientation - Nonresident
Alien Tax Issues
Topics to be Covered
• Types of Student Visas• Residency Status• Tax Status • Taxable Income• Requirements if a Student will be
earning Income• Filing Annual U.S. Tax Return• Contacts for Nonresident Alien Tax Issues at Texas State University?
Types of Student Visas used to enter the U.S
• F-1 – Issued to individuals for the primary purpose of studying. May be issued limited work authorization on campus.
• F-2 – Issued to dependents (Ex: Spouse and/or children of an F-1 Visa Holder). May be authorized to study but is “not” authorized to work.
Types of Student Visas used to enter the U.S (Cont.)• J-1 – Exchange Visitor: Student – Visa
Issued for the purpose primary purpose of studying. May be issued limited work authorization on campus.
• J-2 – Exchange Visitor: Dependents (Ex: Spouse and/or children of an J-1 Visa Holder). Allowed to study and may work with BCIS authorization.
Residency Status
• NRA (Nonresident Alien) for tax purposes• Present in the U.S. for the first 5 years
– exempt years from FICA and Medicare Taxes
• RA (Resident Alien) for tax purposes• Present in the U.S. for more than 5
years
Tax Status in the U.S.
• NRA (Nonresident Alien) – F-1 or J-1/J-2 Student who has been in the U.S. for less than 5 Years. If this student earns “Taxable Income” in the U.S., they must file a U.S. NRA Tax Return• 1040NR or 1040NR-EZ
• RA (Resident Alien) – F-1 or J-1/J-2 Student who has been in the U.S. for more than 5 Years. If this student or their dependents earn “ Taxable Income” in the U.S., they must file a regular U.S. Tax Return• 1040 or 1040-EZ
What is “Taxable Income” in the U.S.?
• Income (received from being employed on campus as a Student Worker or Graduate Teaching Assistant, Research Assistant or Instructional Assistant.
• Stipend paid to a Student on a Scholarship/Fellowship for Living Expenses (Ex. Student Athlete receiving a monthly stipend check)
• Cash Prize or Award won by a Student
Requirements if a Student will be receiving Income in the U.S.
• If working on campus, Schedule an Appointment with Sally Moss, Nonresident Tax Specialist to complete the required paperwork.
• If you received a scholarship for living expenses, Schedule an Appointment with Marcy Young, Tax Specialist to complete the required paperwork.
Requirements if a Student will be receiving Income in the U.S. (Cont.)
Supporting Documents- to be brought with you to your appointment
• Passport page with expiration date of passport• Visa• I-94• I-20 or DS2019• Completed Foreign National Information form• Social Security number or receipt of filing
application for number
Requirements if a Student will be receiving Income in the U.S. (Cont.)
• During your appointment, you will be informed about Tax Treaties between the U.S. and 60+ Countries which may exempt some or all of the Federal Tax required to be deducted from your income.
Filing Annual U.S. Tax Return
• In late January of each year, you may receive a W-2 for wages earned and /or a 1042-S for Scholarships/Fellowships, Prizes/Awards and/or Tax Treaty Wages during the previous calendar year from the Payroll or Tax Specialist Offices
• Tax Returns must be filed by April 15 for income received for the previous Calendar Year ( January 1 – December 31)
• The International Office will email you information regarding CINTAX software to be used to complete your tax return.
Who Handles “Employment” Nonresident Alien Tax Issues at Texas State University?
• Sally Moss, Nonresident Tax Specialist and Payroll Services Assistant
• Campus Office: J.C. Kellam Bldg (JCK), 5th Floor, Payroll Office -Room 582
• Phone Number: (512) 245-8310• Office Hours: Monday – Friday.
9 – 11:30 a.m. and 1:30 – 4:30 p.m.Please either call or e-mail [email protected] for an appointment
Who Handles “Scholarship or Prize/Award” Nonresident Alien Tax Issues at Texas State University?• Marcy Young, Tax Specialist • Campus Office: J.C. Kellam Bldg (JCK), 5th
Floor, Director of Accounting Office -Room 520
• Phone Number: (512) 245-8708• Office Hours: Monday – Friday.
9 – 11:30 a.m. and 1:30 – 4:30 p.m.Please either call or e-mail [email protected] for an appointment
Sally Moss JCK 582 – (512) 245-8310 – [email protected] Young JCK 520 – (512) 245-8708 – [email protected]