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INTERNATIONAL STUDENTS TAX WORKSHOP 2019

INTERNATIONAL STUDENTS TAX WORKSHOP 2019. Did you have health insurance you purchased from the Health Insurance Marketplace?. INTRODUCTORY ITEMS. Entered the U.S. in 2019? What country are you from? Tax Treaty Country? Type of Visa?

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INTERNATIONAL STUDENTS TAX WORKSHOP 2019

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  1. INTERNATIONAL STUDENTS TAX WORKSHOP 2019

  2. Did you have health insurance you purchased from the Health Insurance Marketplace? INTRODUCTORY ITEMS

  3. Entered the U.S. in 2019? • What country are you from? • Tax Treaty Country? • Type of Visa? • Married to a U.S. resident or citizen in 2018 or prior? • 5 year test INTRODUCTORY ITEMS

  4. 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. Nonresident Students Filing Requirements

  5. You must file Form 1040NR-EZ or 1040NR if you have: • Wages or Scholarship Income Exempt by Treaty • Wages of $5 or more (India $12,000) • Taxable Scholarship Income • A Refund Due of Taxes Withheld • If you received a Form 1095-A FILING REQUIREMENT

  6. 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. Consequences of Failure to File

  7. You get too large of a refund • Nonresidents cannot get: • Standard Deduction • Education Credit • Earned Income Tax Credit • Claiming can cause you to repay credits and large penalties and interest. Consequences of Filing as a Resident

  8. Nonresident Alien Status • Includes immediate family members • All must file Form 8843 International Students (F & J)

  9. FORM 8843

  10. Complete only if not required to file 1040 NR

  11. LINE 9 IDAHO STATE UNIVERSITY BOX 8038 POCATELLO ID 83209 (208) 282-5304 LINE 10 SHAWN BASCOM – ASSISTANT DIRECTOR OF ADMISSIONS, INTERNATIONAL PROGRAMS IDAHO STATE UNIVERSITY BOX 8038 POCATELLO ID 83209 (208) 282-5304

  12. Sign and date FORM 8843

  13. Mail To: Department of the Treasury Internal Revenue Service Center Austin, TX 73301-0215

  14. If you received a Form 1095-A, you must file the Form 1040NR and you will need to complete the Form 8962 to include with your Form 1040NR.

  15. FORM 1040NR

  16. 4,400 350 300

  17. Treaty Exempt Income 04 $2,000

  18. Taxable Income $960 16 $131

  19. PLEASE NOTE: If you request a refund of tax withheld on a Form 1042-S by filing a Form 1040NR, the IRS will need additional time to process the return. Please allow up to 6 months from the the date you actually filed the 1040NR to receive any refund due.

  20. Box 1

  21. 4,400

  22. Amount on Line 11 is last year’s state refund plus $10

  23. Box 2

  24. $960

  25. Box 2

  26. $2,000

  27. India $12,000 Schedule A

  28. 300

  29. Schedule A See Table

  30. From Table

  31. From Line 45 From Line 53

  32. W-2 Box 2

  33. 350

  34. W-2 Box 2 1042-S Box 7

  35. $131

  36. W-2 Box 2 1042-S Box 7

  37. If line 71 is greater than line 61 then take line 71 minus line 61 and put the difference on line 72 & line 73a. If line 61 is greater than line 71 then take line 61 minus line 71 and put the difference on line 75.

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