Transcript Document
INTERNATIONAL STUDENTS TAX WORKSHOP 2015 INTRODUCTORY ITEMS Did you have health insurance you purchased from the Health Insurance Marketplace? INTRODUCTORY ITEMS • • • • • Entered the U.S. in 2015? What country are you from? Tax Treaty Country? Type of Visa? Married to a U.S. resident or citizen in 2014? • 5 year test 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 $3,950 or more 3. Taxable Scholarship Income 4. A Refund Due of Taxes Withheld 5. If you received a Form 1095-A If you received a Form 1095-A, you will need to complete the Form 8962 and include this form with your Form 1040NR. 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 • All must file Form 8843 FORM 8843 Complete only if not required to file 1040 NR LINE 9 BRIGHAM YOUNG UNIVERSITY - IDAHO 276 MANWARING CENTER, MAILSTOP 0775 REXBURG ID 83460-0775 (208) 496-1320 LINE 10 R. MIKE OSWALD – INTERNATIONAL SERVICES MANAGER BRIGHAM YOUNG UNIVERSITY - IDAHO 276 MANWARING CENTER, MAILSTOP 0775 REXBURG ID 83460-0775 (208) 496-1320 FORM 8843 Sign and date Mail To: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215 FORM 1040NR 4,400 300 150 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 69 Box 2 Box 7 150 $131 Finishing the Return • Attach 8843, W-2 and 1042-S • Sign & date • Keep copy • Mail by April 15 Mail To: Internal Revenue Service Center Austin, TX 73301-0215 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 Taxable Scholarship Line 12 1040NR SCH - $960 Wages & Taxable Scholarship Ln 8 + Ln 12 1040 NR Ln 23 – 1040NR IDAHO SUBTRACTIONS 1. IF YOU ENTERED A STATE TAX REFUND ON 1040NR, LINE 11, IT SHOULD BE SUBTRACTED OUT ON FORM 39NR. 2. IF YOU PAID FOR HEALTH INSURANCE IN 2014, YOU CAN DEDUCT THE AMOUNT PAID ON FORM 39NR. Ln 11 – 1040NR Health Insurance Paid Ln 38 – 1040NR Box 17 – W-2 8 300 Finishing the Idaho Return • Attach Idaho Form 39NR • Attach W-2s and 1042Ss • Sign & date the return • Attach complete copy of Federal Return • Keep copy • Mail by April 15th Mail To: Use Envelope in Packet or Mail To: Idaho State Tax Commission P. O. Box 56 Boise ID 83756-0056 SOCIAL SECURITY TAX Social Security Tax You are NOT subject to Social Security and Medicare tax withholding on your wages if: You have on campus employment You are authorized for Curricular or Optional Practical Training You 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.