Tax

Reminder: Nonresident international employees and students can access free tax preparation software

Anonymous — Tue, 30 Jan 2024 21:00:39 +0000

Reminder: Nonresident international employees and students can access free tax preparation software Anonymous (not verified) Tue, 01/30/2024 - 14:00

CU is once again partnering with Sprintax to support nonresident alien employees and students in their personal tax filing obligation. The International Tax Office will offer a discount code to access Sprintax Returns online tax preparation tool free of charge.

The discount code will enable nonresident alien employees and students in F or J status to file their 2023 federal tax return and other required forms. Sprintax can also help with state tax filing. However, if you elect to file a state tax return using Sprintax, you’ll need to pay an additional fee.

This software is a user-friendly resource to help international employees:

Determine resident or nonresident U.S. tax residency status and filing requirements.
Prepare necessary tax return documents including forms 1040-NR and 8843 which can then be printed, signed and mailed for filing. (Some users may be able to file electronically, instead.)
Ensure all applicable tax treaties are applied.
Find assistance and information with an available FAQ, blog, YouTube channel and email access to Sprintax tax professionals.

To take advantage of this resource, watch for emails from the International Tax Office that include your discount code.

CU has mailed critical documents necessary for filing annual income tax returns. For certain international employees and students, this means receiving Forms W-2 and/or 1042-S. Recipients should use these form(s) when preparing their personal income tax return forms. If you haven’t received one or both of these forms, visit the Get Your Tax Forms page to find instructions on how to access each form.

It’s also important to remember that even if they did not earn U.S. income, nonresident F and J students and scholars are required to file IRS Form 8843.

Visit the International Tax website anytime throughout the year to learn more about your filing obligations. Review our video courses to help familiarize you with the U.S. tax system and its forms.

Finally, Sprintax will host regular tax webinars throughout the spring where you can learn more about your U.S. tax filing obligations and how Sprintax can help you meet them.

Sprintax Open Webinar dates, times and registration links:

Tuesday, March 5 at 2 p.m. MT – Register here
Thursday, March 20 at noon MT – Register here
Wednesday, March 27 at 11 a.m. MT – Register here
Thursday, April 4 at 1 p.m. MT – Register here
Wednesday, April 10 at 10 a.m. MT – Register here
Monday, April 15 at 11 a.m. MT – Register here

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File your taxes now with free tax preparation software

Anonymous — Tue, 30 Jan 2024 15:41:06 +0000

File your taxes now with free tax preparation software Anonymous (not verified) Tue, 01/30/2024 - 08:41

This software is a user-friendly resource to help international employees:

Determine resident or nonresident U.S. tax residency status and filing requirements.
Prepare necessary tax return documents including forms 1040-NR and 8843 which can then be printed, signed and mailed for filing. (Some users may be able to file electronically, instead.)
Ensure all applicable tax treaties are applied.
Find assistance and information with an available FAQ, blog, YouTube channel and email access to Sprintax tax professionals.

To take advantage of this resource, check your email for one of the messages sent in February or March from the International Tax Office with your discount code. To learn more about Sprintax and access useful information on both resident and nonresident international status, visit the International Tax Office website for details.

It’s also important to remember that even if they did not earn U.S. income, nonresident F and J students and scholars are required to file IRS Form 8843.

Finally, Sprintax will host regular tax webinars throughout the spring where you can learn more about your U.S. tax filing obligations and how Sprintax can help you meet them.

Sprintax Open Webinar dates, times and registration links:

Thursday, April 4 at 1 p.m. MT – Register here
Wednesday, April 10 at 10 a.m. MT – Register here
Monday, April 15 at 11 a.m. MT – Register here

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Nonresident International Employees and Students Can Access Free Tax Preparation Software

Anonymous — Wed, 01 Mar 2023 20:52:03 +0000

Nonresident International Employees and Students Can Access Free Tax Preparation Software Anonymous (not verified) Wed, 03/01/2023 - 13:52

The discount code will enable nonresident alien employees and students in F or J status to file their 2022 federal tax return and other required forms. Sprintax can also help with state tax filing. However, if you elect to file a state tax return using Sprintax, you’ll need to pay an additional fee.

This software is a user-friendly resource to help international employees:

Determine resident or nonresident U.S. tax residency status and filing requirements.
Prepare necessary tax return documents including forms 1040-NR and 8843 which can then be printed, signed and mailed for filing. (Some users may be able to file electronically, instead.)
Ensure all applicable tax treaties are applied.
Find assistance and information with an available FAQ, blog,YouTube channel and email access to Sprintax tax professionals.

To take advantage of this resource, watch for emails from the International Tax Office that include your discount code.

CU has mailed critical documents necessary for filing annual income tax returns. For certain international employees and students, this means receiving Forms W-2 and/or 1042-S. Recipients should use these form(s) when preparing their personal income tax return forms. It’s also important to remember that even if they did not earn U.S. income, nonresident F and J students and scholars are required to file IRS Form 8843.

Visit the International Tax website anytime throughout the year to learn more about your filing obligations. We recently created two new video courses to help familiarize you with the U.S. tax system.

Finally, Sprintax will host regular tax webinars throughout the spring where you can learn more about your U.S. tax filing obligations and how Sprintax can help you meet them.

Sprintax Open Webinar dates, times and registration links:

Wednesday, March 22 at noon MT – Register here
Wednesday, March 29 at 11 a.m. MT – Register here
Thursday, April 6 at 1 p.m. MT – Register here
Wednesday, April 12 at 10 a.m. MT – Register here
Friday, April 14 at noon MT – Register here

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Nonresident International Employees and Students Can Access Free Tax Preparation Software

Anonymous — Mon, 30 Jan 2023 18:18:24 +0000

Nonresident International Employees and Students Can Access Free Tax Preparation Software Anonymous (not verified) Mon, 01/30/2023 - 11:18

As the new year begins, CU faculty, staff and students will begin receiving critical documents needed to file their annual income tax returns. For certain international employees and students, this means receiving Forms W-2 and/or 1042-S from CU over the next month.

Form W-2 is issued to any employee who receives taxable wages from CU.

Form 1042-S is issued to resident and nonresident alien employees to report tax treaty exempt wages. Nonresident alien scholarship and stipend recipients with taxable or tax treaty exempt income of this type will also receive form 1042-S. Employees and students with more than one type of 1042-S reportable income should expect to receive more than one 1042-S.

Recipients should use these form(s) when preparing their personal income tax return forms.

It’s also important to remember that even if they did not earn U.S. income, nonresident F and J students and scholars are required to file IRS Form 8843.

This year, CU is again partnering with Sprintax to support nonresident alien employees and students in their personal tax filing obligation. The International Tax Office will offer a discount code to access Sprintax Returns online tax preparation tool free of charge.

This software is a user-friendly and reliable resource to help international employees:

Determine resident or nonresident U.S. tax residency status and filing requirements.
Prepare necessary tax return documents including forms 1040-NR and 8843 which can then be printed, signed and mailed for filing. (Some users may be able to file electronically, instead.)
Ensure all applicable tax treaties are applied.
Find assistance and information with an available FAQ, blog,YouTube channel and email access to Sprintax tax professionals.

To take advantage of this resource, watch for emails from the International Tax Office, that include your discount code, in February and March.

Finally, Sprintax will host regular tax webinars throughout the spring where you can learn more about your U.S. tax filing obligations and how Sprintax can help you meet them.

Sprintax Open Webinar dates, times and registration links:

Thursday, Feb. 9 at 11 a.m. MT – Register here
Tuesday, Feb. 21 at 10 a.m. MT – Register here
Thursday, March 2 at 2 p.m. MT – Register here
Wednesday, March 22 at noon MT – Register here
Wednesday, March 29 at 11 a.m. MT – Register here
Thursday, April 6 at 1 p.m. MT – Register here
Wednesday, April 12 at 10 a.m. MT – Register here
Friday, April 14 at noon MT – Register here

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Taxable Scholarships and Stipends

Anonymous — Thu, 18 Jul 2019 14:30:01 +0000

Taxable Scholarships and Stipends Anonymous (not verified) Thu, 07/18/2019 - 08:30

CU's International Tax Office wants to inform international students that their U.S.-sourced scholarships and stipends may be subject to tax withholding and/or reporting.

Student bursar accounts are routinely reviewed for taxable scholarship. This includes:

1) U.S.-sourced scholarships in excess of tuition and mandatory fees, after tuition waivers and credits are applied;

2) Any amount of housing, including resident advisor credits; and

3) Any amount earmarked for travel.

When a taxable scholarship is identified, tax equaling 14% of the nonqualified amount is charged to the student’s bursar account and the student is notified, via email, of the amount due. The tax is sent by the university to the Internal Revenue Service (IRS) as a credit toward the student’s annual tax liability. Students should contact their campus Bursar Office with questions related to payment due dates and penalties for late payment.

Individuals eligible for tax exemption through a treaty between the U.S. and their country of tax residency, who have completed the required forms with an international tax specialist, are not subject to this withholding. Both taxable and tax treaty-exempt nonqualified amounts are reported on Form 1042-S, which is issued to students after the close of the tax year for use in filing their personal income tax returns. Please access the International Tax FAQ for more information about filing income tax returns.

Non-wage stipends paid on a biweekly or monthly basis through the payroll system are also taxable at 14% and/or reportable when provided to international nonresidents. All international students and scholars who will be paid through the payroll system are required to schedule a ‘new employee’ or ‘stipend recipient’ appointment with the International Tax Office as soon as possible so the proper withholding or exemption can be applied. Appointment availability may be delayed during busy times of the semester.

Questions regarding taxable scholarships and stipends can be emailed to International Tax.

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