School Benefits
NO MORE Tax Workshops?
YES! That’s right! Tax workshops
are simply not working! It is almost impossible to accommodate all international students,
scholars, researchers and teachers at one institution in one
room at the same time. In addition, finding either an IRS representative or
a tax professional specialized in nonresident taxation to hold
a tax workshop has become increasingly more difficult.
In the past few years the IRS has
significantly reduced the number of its representatives
holding tax workshops on nonresident taxation at higher
educational institutions. CPA’s specialized in international
taxation are difficult to find and in most cases their fees are
considerably high.
Furthermore, it is impossible to answer
all the questions that students raise during a tax workshop.
We all know that most of them will ask questions right before
the April 15th deadline!
International educators, link to International Student Taxes to reduce the number of tax questions you receive each year!
How can ISTAXES help?
We have researched a high number of
previously held tax workshops by tax professionals at higher
educational institutions across United States. We have put all of
our efforts to combine all the aspects covered in a tax
workshop in what we believe to be THE BEST TAX RESOURCE
for international students, scholars, researchers and
teachers.
We have literally translated the IRS “tax
language” into simple “Yes / No” questions for foreign
students to determine the tax requirements, filing status and
the appropriate forms that must be filed. In addition, we
provide Help me! instructions for each question that the
foreign national must answer.
Our
TAXES section covers all aspects included below:
Tax
Filing Requirements (Who should file taxes?) -
Residency Status: Nonresident, Resident
or Dual Status Alien (including the “famous” Substantial
Presence Test, Green Card Test and all residency elections)
-
Forms to be filed determination (Which
form do I file?)
-
Why all nonresident students must file
Form 8843?
-
Tax Treaties (for students, scholars,
researchers and professors)
-
Who can claim dependents?
-
Social Security and Medicare taxes
-
E-filing
If you are still skeptical about how
useful ISTAXES is, please take a few minutes and review out
TAXES section. Of course,
there are other good tax resources available online. However,
we believe that ISTAXES is one of a kind for we have used top
of the line technology to help international students,
scholars, researcher and teachers navigate through the
complicated tax issues that they have to encounter during
their visit in United States.
Best of all – it’s FREE for all students.
Why ISTAXES?
- easy to understand
- affordable for students
- takes only about 10-20 minutes to complete
- simple coordinate with coordinate with a VITA Volunteer
Program
- more convenient and more economical than holding a tax
workshop
- saves all information, so students can return at later
date to complete their forms
How does ISTAXES work?
- ISTAXES retrieves all tax information in a simple
step-by-step tax interview
- provides easy to understand online help for each
question
- performs all the tax calculations including the tax
status determination and substantial presence test
- takes in consideration all applicable tax treaties
(including compensation during training, scholarship and
interest and dividend treaties) to ensure that the
individual takes maximum advantage of all the tax treaty
benefits.
- transfers all tax information in the IRS official tax
forms
- prints the tax return and all supplemental forms
- provides detailed instructions about how, when and where
to submit the tax return
Federal Forms Supported
-
Form 1040 NR - U.S. Nonresident Alien Income
Tax Return
-
Form 1040 NR-EZ - U.S. Income Tax Return for
Certain Nonresident Aliens
-
Form 8843 - Statement for Exempt Individuals
and Individuals With a Medical Condition
-
Form 843 - Claim for Refund for Social
Security Taxes
-
Form W-7 - Application for IRS Individual
Taxpayer Identification Number
Options
-
Recommend ISTAXES to
international students at your institution by placing a
link on your department web page
With complicated international tax legislation changing
every year, it is time consuming and costly to keep up to
date to all the changes in tax rules and regulations.
ISTAXES represents a great solutions for foreign students
and we will do our best to ensure that they will file their
tax return in a timely and accurate manner.
During the last tax season, international students and
scholars from over
250
institutions across United States have filed their
federal tax returns using ISTAXES.
Purchasing an ISTAXES institutional license might
represent the ideal solution for medium and large
institutions. ISTAXES is easy to integrate with the current
tax resources and allows simultaneous online access for both
students and officials.
ISTAXES represents a great alternative for helping
international students file their taxes by eliminating the
hassle of scheduling appointments and bringing students to
tax workshops.
Questions?
If you have any questions or concerns please contact
us and we will be more than happy to assist you. |
