Income Tax Briefing for International Students MARIST COLLEGE Center for Multicultural Affairs.

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Presentation transcript:

Income Tax Briefing for International Students MARIST COLLEGE Center for Multicultural Affairs

Why ? Federal government regulation for all residents and non-residents Money is used to fund public works and services

Form 8843 International students and scholars must report their presence in the United States Form 8843 must be filed by all individuals on F-1 visa, or J-1 visa, and their dependents, even if they have not earned any income in the U.S.

Form 1040NR-EZ Form 1040NR-EZ is the tax return form most frequently used by international students in United States. If you were a nonresident student during 2014 who had any U.S. source of income in 2014, you must file your tax return on IRS Form 1040NR-EZ or 1040-NR for more complex situations

Where to Mail the Forms Department of the Treasury Internal Revenue Service Center Austin, TX

Please Note Marist College staff are neither qualified nor permitted to give individual tax advice. Students with complicated tax situations may wish to consult with a tax preparation service, professional tax accountant, or tax attorney who is knowledgeable about nonresident tax law.

2014 Tax Requirement Any international students receiving a taxable scholarship i.e. room and board and If they do not have a Social Security Number and are not eligible to apply for one (meaning not working) must apply for an Individual Tax Identification Number (ITIN) Once they receive a Social Security Number, they should NOT use the ITIN

Qualified Education Expenses For purposes of tax-free scholarships and fellowships, these are expenses for: Tuition and fees required to enroll at or attend an eligible educational institution, and Course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. These items must be required of all students in your course of instruction.

Expenses That DO NOT Qualify Room and board Travel Research Clerical help or Equipment and other expenses that are not required for enrollment in or attendance at an eligible educational institution.

ITIN Procedure Form W-7 Application (available at Copies of identity and foreign status documentation Copy of DS-2019 Certificate of Eligibility for Exchange Visitor Status (J-1 Status) OR Copy of 1-20, Certificate of Eligibility for Nonimmigrant Student Status (F-1 Status) Other supporting documents necessary to meet the Form W-7 application requirements

Form 1040NR-EZ. If you file Form 1040NR-EZ, report the taxable amount on line 5 Generally, you must report the amount shown in box 2 of Form(s) 1042-S See the instructions for Form 1040NR-EZ for more information. Where to Enter the Information

Mailing ITIN Applications ITIN applications should be mailed to: Internal Revenue Service ITIN Operation P.O. Box Austin, TX

Websites for Additional Information about Taxes Government Sites: University Site:

New York State Income Tax The State of New York also collects income tax which is much less than Federal income tax Your refund will be very small For information on how to file, check:

Tax Day April 15 Submit tax forms on or before this date