(Foreign National Tax Resource) For International Students & Employees

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Presentation transcript:

(Foreign National Tax Resource) For International Students & Employees FNTR Tax Seminar 2019 This seminar is offered for our international students and employees who are considered Non-resident alien for tax purposes. (Foreign National Tax Resource) For International Students & Employees

Our Contact Information PAYROLL OFFICE 212 COLLEGE STREET MIDDLETOWN, CT 06459 PHONE: (860) 685-2670 DROP IN HOURS: 9:00-11:00 & 3:00-5:00 EMAIL: PAYROLL@WESLEYAN.EDU STAFF EVELYN BOZEMAN – PAYROLL SUPERVISOR GLADYS FOUNTAIN – PAYROLL ADMINISTRATOR DENISE SKURA – PAYROLL ASSOCIATE

Getting ready for FNTR Tax Documents Needed:   International students/employees are required to file a Federal tax return. Foreign National Tax Resource will determine if you are a resident or non-resident alien for tax purposes. If it is determined that you are a non- resident alien, the program will allow you to continue creating your 1040NR tax return. If it is determined that you are a resident alien, you will not be allowed to use FNTR and will have to complete a 1040 or 1040-EZ federal tax return. You can learn how to file a 1040 or 1040-EZ at www.irs.gov .  YOU MUST FILE YOUR RETURN BY: APRIL 15 2019 Tax Documents Needed: W-2 – Earnings statement (required) 1042-s – Recipient of an unqualified scholarship (if applicable)

Before you get started Place your W-2’s in front of you ready to view. Wesleyan assigns a temporary social security number on your w-2 for the purpose of reporting wages. The assigned number is a combination of 888 and your wes id number. Look at the social security number listed on your W-2. If you have not applied for an ssn the number listed should be 888 and your wes id. You must apply for an ssn, see Janice Watson in ISO office. If you received your SSN the number listed on the w-2 should be your ssn. If the ssn is incorrect, notify someone during this session and/or contact the Payroll Office at payroll@wesleyan.edu. Payroll will need to provide you a W-2c to make the correction. Note ~ You cannot complete your filing without the corrected form. Before you get started

Ready to begin Go to: https://trr.thomsonreuters.com

New users to FNTR Click registration to sign up. .

New users to FNTR Complete Registration form Password must include: capital letter, special character and a number Wesleyan email address required Enter Access Code: M8A2LZZU4EWN   Once you create your account an email will be sent to you from FNTR to complete the activation process before you can continue.

Returning users to FNTR Log in with your username and password

The FNTR software guides you in preparing your tax forms based on the questions asked as you navigate to the end. Each answer affects the next question and may affect the calculation of your liability. It is important to answer each question correctly before you proceed to the next screen. We are not responsible for the outcome. Whether you get a refund or owe taxes is not determined by Wesleyan. Save your data often. Things you should know If you don’t see the next button on a page, you will need to answer the orange bar question before you can continue.

Using FNTR Once you create your account click on (Prepare Tax Return) listed on the right side of your screen.

Tax Return Preparation set up Select Security Question Select the security question that you will remember most.

Tax return preparation federal Basic Information Do not use the Wesleyan assigned SSN when you are filing your taxes. - LEAVE BLANK Next panel will ask for the Institutional ID 06-0646959 You will get to a panel that indicates no data found- continue and you will get to next slide.

Tax return preparation federal Basic Information Nonimmigrant Status History If you don’t see the next button on a page, you will need to answer the orange bar questions before you can continue.

Tax return preparation federal Basic Information Nonimmigrant status Click on the question to obtain additional guidelines pertaining to the request.

Tax return preparation federal Enter and exit dates should be for 2018 dates only: Jan 2018-Dec 2018 August – initial arrival date Nov – Thanksgiving leaving Dec - Thanksgiving return Dec 16 – Exit for winter break Basic Information Nonimmigrant Status

Tax return preparation federal Basic Information Nonimmigrant Status Select # 1 to determine your status Select # 2 to continue

Tax return preparation federal Basic Information Nonimmigrant Status ( This is not a duplicate entry but rather the system now shows state/Mass.)

Tax return preparation federal Basic Information Addresses

Tax return preparation federal Basic Information Filing Status

Tax return preparation federal Basic Information Dependents If you have dependents this is where you add them.

Tax return preparation federal Basic Information 8843 Information If you did not earn income during the tax year, you are required to submit Form 8843 to the IRS by June 15, 2019. Enter the name of the director of the academic program in which you participated. The name of the Director should be the person who signed your I-20 or DS-2019 Janice Watson (237 High Street Middletown, CT 06459) Phone: 860-685-3704 Institution address is: (229 High Street Middletown, CT 06459)

Tax return preparation federal Basic Information 8843 (continued) If you did not earn income during the tax year, you are required to submit Form 8843 to the IRS by June 15, 2019.  

Tax return preparation federal Income W-2 Summary

Tax return preparation federal Income W-2 Form If you received your SSN but the W-2 issued to you has the 888 number, we assigned, contact the Payroll Office at (payroll@wesleyan.edu). Payroll will issue a W-2c to make the correction. A copy of the W2-c must be included when you file your tax return. If you have worked within the past 30 days but have not received an SSN please contact Janice Watson (jwatson@wesleyan.edu) to obtain the application required.   Form W-2. Transfer the figures directly from the W-2 statement to FNTR. The Tax ID number is the Employer Federal Tax ID from the W-2. Choose ‘College, University or other educational institution’ for the type of institution you received the payment from. Students and employees who are NRA’s should not have any money in the following boxes. 3- SS wages, 4- SS tax withheld, 5- Medicare wages, 6- Medicare tax withheld

Tax return preparation federal Income W-2 Form (required) Make sure you enter 0.00 for any box that is not applicable. If you have more than one w-2 you are required to enter them separately.

Tax return preparation federal Income W-2 Summary Click thru other W-2 forms and get to 1042-s.

Tax return preparation federal Income (1042-S)

Tax return preparation federal Income (1042-S) Form 1042-S. This form is sent to students with non-qualified scholarships. A non-qualified scholarship includes all payments other than tuition, required fees, books and supplies and is subject to 14% withholding and reportable to the IRS. FNTR Processing: Transfer the figures directly from the 1042-S statement to FNTR. In the Withholding Agent’s Name and Address (including zip code) field, just entering ‘Wesleyan University’ is sufficient. Again, choose ‘College, University or other educational institution’ for the type of institution you received the payment from. If there is more than one income code line listed at the top of the 1042-S, enter each income as if you received two or more separate forms. In other words, each line equals one 1042-S form If you have more than one exemption code, you will need to add another 1042-s form to include the other code.

Tax return preparation federal Income (1042-S)

Tax return preparation federal Income (Unreported Income)

Tax return preparation federal Deductions (Student Loan Interest)

Tax return preparation federal Deductions (Itemized or Standard)

Tax return preparation federal Treaty Information (Treaty Analysis Result)

Tax return preparation federal Step Twenty-Four Other Information (Tax Paid)

Tax return preparation federal Other Information (Refund)

Tax return preparation federal Other Information (Refund)

Tax return preparation federal Other Information (Supporting Information)  

Tax return preparation federal Other Information (Third Party Designee)

Tax return preparation federal Other Information (Tax Return Preview)

Tax return preparation federal Step Thirty Get Forms (10 Important Rules for Filing Your Tax Return)

Tax return preparation federal Get Forms (10 Important Rules for Filing Your Tax Return) Read these rules: Use black ink Sign and Date forms Keep copies

Tax return preparation federal Get Forms (Instruction Sheet)

Tax return preparation federal Get Forms (1040NR-EZ – Page 1 OF 2) Make sure you sign and date the highlighted area prior to mailing. Deadline is 4/15/19 Use Black Ink

Tax return preparation federal Get Forms (Form 8843) This form is used for an student/employee who do not receive wages or W-2. Print all forms, you may not need to sign the 8843 if you worked but it does Have to be included with your paperwork.

You have completed your filing when you … PRINT, SIGN and MAIL your documents. FNTR is a website-based program which requires you to PRINT the forms and MAIL them to the IRS. Mac users often get blank forms when they attempt to print. Use another system to print your forms. Please don’t forget to SIGN the forms before mailing and keep copies for your records.

Secure your username and password to access FNTR each time you sign on Secure your username and password to access FNTR each time you sign on. You will have access to FNTR all year. The data- base will allow you to retain 2 years of tax data.   User information Keep your FNTR sign in data in a safe place, you will have to use it to sign in . You can use this software all year.

State Tax Return – Filing your state return is OPTIONAL No, the software does not prepare state returns. If you paid state taxes the amount will be listed in box 17 of your W-2. Non- resident aliens for tax purposes can complete form CT-1040NR/PY. The form can be obtained at your local post office or on the CT.Gov website at www.ct.gov/drs/lib/drs/forms/1-2017/incometax/ct-1040nrpy.pdf. State Tax Return is optional STATE Tax return (https://portal.ct.gov/DRS/Individuals/Individual-Tax-Page/Nonresident-Alien)