Agenda for talk Where to start How to file your taxes Fellowships How to report income How to do estimated tax payments Additional resources
What I’m not going to do Give you specific advice about your taxes Talk much about state and local taxes
How you feel now…
Introduction Where to start? US citizens and permanent residents o IRS.GOV – Interactive Tax Assistant (ITA) International Scholars o Glacier o IRS publication 519 o OIA (Office of International Affairs) web page o Office of Business and Finance website
International Scholars Non-resident? A nonresident alien usually is subject to U.S. income tax only on U.S. source income. Payments for research or study in the United States made by the United States, a non-corporate U.S. resident, or a domestic corporation, are from U.S. sources. Generally, if you did not receive any income from U.S. Sources, you are not required to file a U.S. tax return; however, if you are a Nonresident Alien who is present in the U.S. under an F, J, M or Q immigration status, you are required to file Form 8843 (Statement for Exempt Individuals), regardless of whether or not you have received any income.
How to do your taxes Glacier For non-residents (immigration status) Online Free and easy to use taxoffice@hr.osu.edu
How to do your taxes For yourself IRS.GOV o “Free File” o Read the forms o Make sure you are using current forms
How to do your taxes TurboTax For US citizens and residents Online Free* and pretty easy to use
How to do your taxes H&R Block Anyone can use Non-residents may need to go to an office Supposedly “free” but probably not
How to do your taxes Sprintax Advertised as $35.95 Federal and $25.95 State Can file your State and Local taxes too Pay someone Accountants / bookkeepers
When to file? April 15 th Need to change my already filed form (1040X) Need to file for previous years Need more time? Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return (PDF) by due date. An extension of time to file is not an extension of time to pay. You may be subject to a late payment penalty on any tax not paid by the original due date of your return.
Other considerations Tax treaties IRS publication 901
Other considerations ITIN # - Individual Taxpayer Identification Number An ITIN number is a tax processing number issued by the Internal Revenue Service (IRS) not the Social Security Administration. IRS issues ITINs to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number from the Social Security Administration. ITINs are for federal tax reporting purposes only.
Fellowships Publication 970 Yes, it IS considered taxable income Unless you are a candidate for a degree and it does NOT represent payment for research
Fellowships How to report income No W-2…informational email only (hopefully)
Fellowships Estimated tax payments Form 1040-ES (only 12 pages & easy worksheet) Publication 505 Easy to do (easier than paying electric / rent) Can pay online, at most banks or through mail Generally all who expect to owe at least $1K
Form 1040ES See also Publication 505-Estimated Tax
Other Resources Fisher College of Business Tax Clinic at Godman Guild (VITA) Office of International Affairs website Office of Business and Finance website Robin Ring, CPA 614-389-2967 Family, friends, co-workers IRS.gov Forms-1040 or 1040NR ***1040EZ (no longer used)*** Publication 519 – U.S. Tax Guide for Aliens Publication 505-Tax Withholding and Estimated Tax Publication 901-Tax Treaties Student Wellness Center Scarlet and Gray Financial Ohio Department of Taxation City of Columbus Income Tax Division
April 16th
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