Office of International Services TAX WORKSHOP Tax preparation for International Students and Scholars Tax Year 2017
Office of International Services OVERVIEW Introductions What are Taxes? Sprintax Handouts OREGON STATE UNIVERSITY 1
What are taxes? https://www.youtube.com/watch?v=kd_apl XxjjY Set subtitles End at 5:28
So, How Can I file my taxes? It s easy! Use Sprintax. Sprintax is an online tax preparation software which will help you prepare your tax return. https://www.youtube.com/watch?v=dgclfmygpho
How to complete your taxes using Sprintax: Visit: https://www.sprintax.com/unilp.html?utm_ref=oregon-state-university-taxpreparation&utm_content=prmc Create an Account or Sign In Ask OIS for a tax code for filing federal for free
2017 Tax Return Filing Deadlines Income Tuesday, April 17, 2018 (unless you file an extension) No-Income Friday, June 15, 2018 (unless you file an extension) Note: You will need to mail in your forms you cannot send it online
Filing Tax Paperwork INCOME
Documentation You Might Need: 1. Passport and other immigration documents 2. Tax documents you receive in the mail 1. Form 1098-T (Tuition) (only for tax Residents ) 2. Forms W-2 (Wages) 3. 1042-S (Foreign Person s U.S. Source Income) - Often Taxable Scholarships and Treaty exemptions 4. 1095 B or C forms reporting Health care coverage 3. Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) (if you do not have an ITIN, Sprintax can help you get one)
Tuition Statement - 1098 T The 1098T is to help students determine if they are eligible to receive two tax credits: the American Opportunity credit and the Lifetime Learning credit. A Tuition Statement is issued each year a student is enrolled in credit hours at the university. OSU reports Amounts Billed in Box 2 and not Payments Received in Box 1 as allowed by IRS regulations. http://fa.oregonstate.edu/business-affairs/student-finance/1098t
Wage Statement W2 form The IRS requires employers to report wage information for all employees on a Form W-2. The W-2 reports the amount of taxable earnings, federal and state tax paid and other taxes withheld from pay. https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/l6vjbqwl5
Foreign Person s US source Income 1042-S Statement Reports amounts paid to foreign that are subject to income tax withholding, even if no amount is deducted and withheld from the payment because of a treaty or exception to taxation.
Sprintax code Free filing for federal tax filing State filing (for those who worked) will be around $25.95 *See Sprintax s website for specifics OREGON STATE UNIVERSITY 11
Filing Tax Paperwork NO-INCOME
No-Income Process All students, scholars and dependents present in the United States in 2017 must complete Form 8843 Deadline: June 15 th Mailing Address: Department of Treasury International Revenue Service Center Austin, TX 73301-0215
Form 8843 https://www.irs.gov/pub/irs-pdf/f8843.pdf You will need: Address (country of residence and in U.S.) Passport U.S. Visa I-94 and Travel History from https://i94.cbp.dhs.gov/i94 Any documents for dependents
Completing Part II: Teachers and Trainees (Scholars or Student Interns) or Part III: Students Academic Institution Information Name: Oregon State University Address: 1600 SW Western Blvd, Suite 130, Corvallis, OR 97333-4188 Telephone Number: 541-737-3006 Director of Program: Grace Atebe OREGON STATE UNIVERSITY 15
OREGON STATE UNIVERSITY 16
Additional Resources OSU U.S. Tax Information International Tax FAQ Sprintax Virtual Tax Expert or Life Chat
Contacts Students or faculty receiving salary or payment from OSU may contact the following staff in the OSU Payroll Office to help with questions on tax withholding, FICA withholding, non-resident verses resident for tax purposes and tax treaty eligibility. Name Telephone E-mail Traci Yates 541-737-3770 Traci.Yates@oregonstate.edu Kristi Rietz 541-737-8611 Kristi.Rietz@oregonstate.edu Students receiving OSU scholarships may contact the following staff in OSU Business Affairs for assistance with the tax reporting Form 1042-S. Name Telephone E-mail George Windom 541-737-0643 george.windom@oregonstate.edu
Questions? OIS staff are not tax experts and cannot provide tax advice. For general questions email ois.student@oregonstate.edu Sarah Reed, SEVIS and Data Compliance Manager, Office of International Services University Plaza Suite 130 541-737-3006 OIS.Student@oregonstate.edu Adria Buncal, International Scholar Advisor, Office of International Services University Plaza Suite 130 541-737-3006 OIS.Scholar@oregonstate.edu Traci Yates, HRIS Analyst Payroll, Office of Business Affairs Kerr Admin Building 541-737-3770 Traci.Yates@oregonstate.edu