International Students LOVE Taxes! No Tax Treaty Version

1
International Students LOVE Taxes!No Tax Treaty
Version

• By Patricia DeWitt
• Revised March 2005

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Why file a US income tax report or return?

• It is the law.
• If you have had more tax withheld than you owe,
  you can get a refund.
• If you apply for permanent residency sometime in
  the future, you will have to file for all the
  years you missed and pay interest on any tax you
  owed.

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This is for F-1 students only

• Are you a resident or non-resident for tax
  purposes?
• Have you been in the US for 5 years or less?
• Any part of a year counts as a year.
• Do you have an identifying number?
• If you have a Social Security number (SSN), that
  is your identifying number.

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• If you dont have a SSN, you need to get an
  Individual Taxpayer Identification Number by
  filling out Form W-7. You will send in a package
  including
• Form 8843
• Form 1040NR-EZ or 1040NR (the income tax return)
• Form W-7
• Notarized copy of passport
• These are sent to the address given on the W-7

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Form 8843 For Everyone

• Proves that you can file as a non-resident
• Part I F-1
• Dont fill in 1a to 3b because you are attaching
  it to Form 1040NR-EZ
• 4 actual number of days. 4b is all the days!

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Part III Form 8843

• 9 Shorter College, 315 Shorter Avenue, Rome, GA
  30165
• If you attended another college or university
  during 2004, list that one too.
• 10 Dr. H. William Rice, Provost, Shorter College
  (continue with address above)
• 11 If your visa type has changed, you must
  attach a note explaining the change.
• 12 most people will check No
• 13 Entering the visa lottery is not an
  affirmative step.
• Hold on to the form until after the next slide.

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Form 8843 for Students
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Do you need to file an income tax return? Yes, if
any of the following is true

• You received a Form W-2
• You received a Form 1042-S that listed any
  unqualified scholarship money
• You received a scholarship that covered more than
  tuition and books
• You had any earned income
• If no enter your address at the top of the Form
  8843 and sign it at the bottom of page 2, and
  youre done!

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Can you file Form 1040NR-EZ? Yes, if all of these
statements are true.

• No dependents (married nonresidents file
  separately)
• Cannot be claimed as a dependent on anyone elses
  tax form
• The only sources of income were wages, salaries,
  tips, taxable refunds of state and local income
  taxes, and scholarship grants. (if you had
  investment income from US sources, you would file
  1040NR.)
• Taxable income under 50,000
• The only adjustment to income is student loan
  interest or scholarship exclusion.
• .

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Can you file Form 1040NR-EZ? Yes, if all of these
statements are true (Cont.)

• No tax credits are claimed
• No exemption claimed for the spouse
• The only itemized deduction is state and local
  income tax (if you had charitable contributions,
  you would file 1040NR)
• The only taxes owed are income tax.

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Check to see that you have

• All 2004 W-2 forms from Shorter or your previous
  school
• All 1042-S from any school you attended in 2004
• Any Form 1099 you received
• Your TIN (if you have one, W-7 if not)
• If you received a Form 1098-T, it does not apply.
  This is only for US resident taxpayers.

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Was your scholarship qualified or unqualified?
(unqualifiedTaxable)

• It is qualified if it is less than or equal to
  the cost of tuition, fees, and books for which
  the money went to the bookstore and not to you
  directly.
• Evidence
• Form 1042-S, Code 15 with a dollar amount.
• If you did not receive a Form 1042-S, you need
  your financial aid award letter that should list
  your financial aid as well as tuition and fees.
  This should be on letterhead.

13
This is your SSN or TIN
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What are Wages?

• Wages are money paid to you for work.
• You should have a Form W-2 that reports your
  wages and the tax that was withheld from them
• Write the total of all money from all your W-2s
  and any Code 18 or 19 income from Form 1042-S on
  scratch paper.

15
Taxable Income
Only if you got a state refund last year
From Form 1042-S
Same for everyone here
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Back of 1040NR-EZ
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Back of 1040NR-EZ
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What to put in your income tax return package

• Federal copies of W-2 forms
• Form 8843
• 1042-S forms (if applicable Copy C)
• 1099 forms (if applicable they report a variety
  of income types)
• Your 1040NR-EZ

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Final Steps

• Make copies of all forms and keep for at least 3
  years
• Mail to
• Internal Revenue Service Center
• Philadelphia, PA 19255

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Georgia Tax

• On first page, enter info on lines 1-3
• Line 4 put 3 in the box
• Line 5 choose single or married put letter in
  box (probably A)
• If single, put a 1 in box 6a and 6c
• Box 7a nothing or 0
• Box 7b 1 if single
• GA line 8 Fed line 10 (AGI)

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Georgia Form 500

• Dont use the EZ version
• Skip lines 9-14
• Put SSN on every page
• Go to page 4
• Dont complete column B if you were in GA or out
  of the US the whole year.
• Column C Column A

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Line by line GA 500

• GA line 1 Fed lines 36 (wages)
• GA line 2 nothing
• GA line 3 nothing
• GA line 4 Fed line 5 scholarships
• GA line 5 total
• GA line 6 nothing (no treaties this class)
• GA line 8 Fed line 10 (AGI)
• GA line 9 100

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GA 500 continued

• GA line 10 nothing
• GA line 11a 2,700
• GA line 11c 2,700
• GA lines 12, 13 2,700
• GA line 14 GA line 8-2,700
• Go back to page 2 and write it on line 15.

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GA 500 Continued

• GA line 16 and 18 Enter tax from table (line 17
  does not apply)
• If you had any state income tax withheld on your
  W-2s, enter it on line 19 and line 23
• The Georgia mailing address is printed on the
  form.

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Georgia Tax Table
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Uncle Sam thanks you for your business!