All posts in Sprintax

  • Breaking: Sprintax is Now LIVE For Nonresident Federal E-Filing!

    It has never been easier to file your nonresident US federal tax return.

    We are thrilled to announce that Sprintax – the only online solution for nonresident federal and state tax returns – is now live for Federal E-Filing.

    This means that, by completing the easy Sprintax questionnaire, you can file your federal return directly with the IRS online.

    What is E-Filing?

    Sprintax is now approved by the IRS to submit Federal tax returns electronically (E-Filing).

    In short, this means you no longer need to download, print and mail a physical copy of your tax return to the US tax office. Instead, you can now file your federal tax return without ever having to leave the comfort of your own home.

    It’s also important to note that, by E-Filing your tax return, you will receive your US tax refund much faster than you would if you filed a paper tax return.

    E-File your tax return with Sprintax

    How does E-filing with Sprintax work?

    When you complete the Sprintax questionnaire and proceed through the order breakdown and payment stage, you will be ready to submit your 2020 US tax return.

    If you wish to E-File your taxes, you must firstly confirm that you have not previously E-Filed your 2020 tax return before.

    You can then click the ‘Proceed with E-File’ button to move to the next step.

    E-File Authentication

    To E-File your tax return you must first electronically sign your tax return using the information requested on the screen.

    Before you can sign your return, we must verify your identity. To do so, we will ask you to provide information from your previous federal tax return.

    If you filed a federal tax return last year, you can either provide your prior year adjusted gross income or your self-selected 5-digit pin.

    You can find your adjusted gross income on line 35 of your 2019 1040NR or on line 10 of your 1040NR-EZ. Please ensure the information you provide here is correct.

    If you did not file a tax return for tax year 2019, please enter ‘0’ as your prior year adjusted gross income.

    If you filed an amended tax return for tax year 2019, please enter the adjusted gross income listed on the return you filed originally.

    Electronically signing your tax return

    You will be required to select any 5-digit number (other than 00000) to electronically sign your tax return. Ensure you keep a record of this pin in a safe place.

    You will need to acknowledge that this pin is your signature and that and that you are now authorising transmission of your return.

    Final steps

    Next, you must read the disclaimer and consent statements and confirm your agreement and that you have reviewed the information that you have entered and examined your tax return.

    You will also need to confirm that the social security numbers of each person on the return are correct.

    You must then sign the above consent disclosure by entering your date of birth.

    Finally, simply click ‘E-File My Return’ to electronically send your tax return to the IRS.

    Can I E-File my state taxes with Sprintax?

    No. You can only E-File your federal tax return with Sprintax.

    However, if you are required to file a state tax return, Sprintax will help you to prepare the documents you need.

    When you complete our questionnaire, our software will provide you with your completed state tax return.

    To file your tax return, simply download, print and sign your documents and mail them to the tax office.

    Can everyone E-File their federal taxes?

    No.

    You will not be able to file online if:

    1. You have an ITIN
    2. Any names or SSN do not coincide with the information provided at the About You step of the Sprintax questionnaire
    3. Any of your payment documents do not have an EIN
    4. Any of your W2 forms do not have a control number
    5. Any of your 1042-S forms do not have a unique code identifier
    6. You allocated some of your income as ‘earned outside the USA’
    7. You have capital gains income
    8. You have form 1099-NEC
    9. You have form 1099-MISC with box 4 higher than box 0
    10. You have included one of the following documents – Final payslip, 1099-DIV, 1099-INT or 1099-B
    11. You have self-employment income

    If you are not eligible to E-File your taxes, don’t worry. You can still download your completed forms from Sprintax and mail them to the IRS.

    Do I have to E-File my tax return?

    No. If you would prefer not to file your taxes online, you can file by mail instead. Simply download your tax return, print it, sign it, and mail it to the IRS.

    What else is new with Sprintax?

    With our new OCR feature, you will save a lot of time when filing your tax return this year.

    In short, you will no longer be required to manually enter details from your income documents into the Sprintax questionnaire.

    Instead, you can simply upload your income documents and our software will populate the required information into your tax return.

    When is the tax filing deadline?

    It is important to file your tax return before the 17 May (the 2021 tax deadline has been extended from 15 April due to COVID-19).

    If you owe the IRS money and you don’t file your tax return by the deadline, you may incur late filing fines and penalties from the IRS. You may also jeopardize your future US visa applications.

    What’s more, 70% of Sprintax users receive a tax refund. By not filing, you risk missing out on your tax refund.

    The average federal refund is $1,126. Do you really want to leave that kind of money in the US? Of course not!

    File your US tax return with Sprintax.

    Who must file tax documents in the US?

    Every nonresident in the US has a tax filing requirement.

    If you earned income in the US, you will be required to file a federal tax return. You may also have a state tax filing requirement.

    Nonresident aliens who are in the US on a J or F visa must file a Form 8843 “Statement of Exempt Individuals and Individuals with a Medical Condition” even if they received no income in the US.

    No matter what nonresident tax document you need to file, Sprintax can help you. Get started here.

    Why choose Sprintax?

    Sprintax will cater to all of your nonresident tax filing requirements.

    • We help more than 215,000 nonresidents (from over 200 nationalities) with their taxes every year
    • We are now live for Federal Tax Return E-Filing
    • Automatic generation of completed tax documents including federal, state and FICA tax returns, form 8843, tax return amendments and more
    • Your maximum US tax refund guaranteed – our average federal refund is $1,126
    • 24/7 Live Chat tax support

    How to get started

    To file your US federal tax return online with Sprintax, simply create your account or login here.

    Next, we will ask you a couple of easy questions about your time in the US and the income you earned.

    Our software will then automatically apply any treaty benefits or tax relief you are entitled to – minimizing your tax bill!

    You will then have the opportunity to either E-File or download your completed documents.

    It’s that easy! E-File your US taxes today!

  • I have received a 1095 form. Should I include this on my tax return?

    Do you need a form 1095 to file your taxes?

    Which details from your 1095 and 1098 forms should you include on your tax return?

    In March 2010, when President Obama signed the Affordable Care Act (ACA) into law, three new forms were introduced into the US tax system – 1095 A, B, and C.

    The primary focus of these forms is to account for the healthcare coverage you purchased during the tax year.

    However, if you are a nonresident in the US, you may be wondering why you received a 1095 form (especially when you consider that purchasing healthcare coverage through the Health Insurance Marketplace is not mandatory for nonresidents) and whether or not you can claim any benefits on your tax return.

    The answer to this question very much depends on your personal circumstances and the type of form you received.

    In this guide, we will cover everything you need to know about 1095 forms and how to file a compliant tax return. Continue reading “I have received a 1095 form. Should I include this on my tax return?” »

  • How to apply for your ITIN from outside the US

    When sitting down to file taxes, one of the first items every taxpayer requires is your TIN (Taxpayer Identification Number).

    This will either be your Social Security Number (SSN) or your ITIN if you are not eligible for a SSN.

    If you have a social security number you won’t need an ITIN.

    If you just need to file Form 8843 (had no taxable US income) then you likely will not need an ITIN either.

    However, some nonresidents that have earned taxable US income but are not eligible for a SSN will likely need to apply for what is known as an Individual Taxpayer Identification Number (ITIN). Continue reading “How to apply for your ITIN from outside the US” »

  • Did you leave the US due to Covid-19? You could be due a tax refund!

    Covid-19 called a halt to countless peoples plans in 2020!

    Many nonresidents had to leave their adventures in foreign lands and travel home.

    If you were one of the people who had to leave the US due to the pandemic…we feel your pain!

    However, you should know that you still have tax filing obligations in the US!

    Lucky for you, you could be due a big tax refund! Continue reading “Did you leave the US due to Covid-19? You could be due a tax refund!” »

  • US Tax Deadline Extended to 17 May 2021

    U.S. federal tax deadline extension 2021

    The Internal Revenue Service (IRS) has announced that the US tax deadline has been extended from 15 April until 17 May 2021.

    The decision has been made in order to give taxpayers who may be under financial pressure more time to file their taxes, the tax agency have said.

    It comes after last year’s deadline was also pushed forward from 15 April 2020 to 15 July 2020 in the wake of the coronavirus pandemic.
    Continue reading “US Tax Deadline Extended to 17 May 2021” »

  • Tu status de residencia FISCAL en EE.UU. Te lo explicamos!

    Tu status de residencia FISCAL on E.E.U.U.

    Determinar su estado de residencia fiscal es importante, ya que decidirá la cantidad de impuestos que debe pagar mientras se encuentra en los EE. UU.

    El error más común que cometen los no residentes es presentar sus impuestos como residentes. Si un no residente se presenta como residente, puede reclamar beneficios y recibir reembolsos a los que NO tiene derecho. La presentación incorrecta rompe los términos y condiciones de una visa de no residente, esto puede dar lugar a multas y sanciones y también puede poner en peligro sus futuras solicitudes de visa o tarjeta verde.

    En este artículo, analizaremos todo lo que necesita saber sobre su residencia y cómo puede determinar su estado de residencia fiscal.

    Continue reading “Tu status de residencia FISCAL en EE.UU. Te lo explicamos!” »

  • Making a profit from Robinhood? Here’s everything a nonresident needs to know about their trading tax requirements

    Robinhood investment income tax for nonresidents in the US

    Over recent weeks, stock trading apps, such as Robinhood and Etrade, have featured prominently in news headlines – dominating the public psyche more than ever before.

    Gone are the days when investing in stocks and shares was limited to Wall Street traders.

    In January 2021, when a large group of Reddit users banded together to invest in the video game retailer GameStop, we saw a clear demonstration of just how easy it has become to invest your money and make a profit.

    In fact, nowadays, anyone can invest from their phone while on the go.

    But if you’re making a profit from stock trading apps, there is one important factor to keep in mind: if you are investing in a share or other property which is located in the US, it’s likely that you will have to pay tax to the IRS on your profits. Continue reading “Making a profit from Robinhood? Here’s everything a nonresident needs to know about their trading tax requirements” »

  • 3 Amazing things you didn’t know about last year’s tax season

    Sprintax-2019-tax-season-united-states

    Look, we get it.

    Tax can be booooring!

    But hear us out.

    It’s not just all endless paperwork and deadlines, you know!

    In fact, last year a LOT of Sprintax customers were entitled to big tax refunds.

    How big?

    Well, our average federal refund was well over $1,000.

    Doesn’t sound so boring now, does it?

    So, with that in mind, we put together this list of 3 amazing things you didn’t know about last year’s tax season.
    Continue reading “3 Amazing things you didn’t know about last year’s tax season” »

  • Why are my federal wages different from my state wages?

    Sprintax W2 - Federal income higher or less than State income

    When preparing your tax return you will need to include some details from your income documents about the money you earned and tax you paid in the US.

    While it is not unusual for there to be differences between the taxation of federal and state income, it can be tricky for nonresidents to file their taxes in such cases.
    The easiest way to prepare your tax documents online is by using Sprintax.

    In this guide, we’re going to outline how you can enter your payment and tax details by completing Step 3 of the Sprintax tax prep process and what to do if you receive an error alert relating to your federal and state income. Continue reading “Why are my federal wages different from my state wages?” »

  • Key takeaways from our COVID-19 Tax Webinar!

    Sprintax COVID-19 tax webinar

    Updated 7 May 2020

    How coronavirus has affected nonresident tax compliance & how you can support your international students & scholars

    The US government introduced the CARES (Coronavirus Aid, Relief and Economic Security) Act in direct response to the COVID-19 pandemic. The act provides for a one-time stimulus payment of $1,200 to be paid to workers who are earning less than $75,000 per year.

    However, almost as soon as the CARES Act was introduced, a number of questions about the payment sprang up.

    What are the eligibility requirements for the payment, can nonresidents benefit from the CARES Act, and what should an international student do if they receive the payment in error – these are just a handful of the queries being asked every day by students and universities alike.

    In our webinar – How COVID-19 has affected nonresident tax compliance & how you can support your international students, scholars or J1 participants – we explore the common tax issues that COVID-19 has presented for international offices, payroll departments, visa sponsors and their nonresidents. We also answer some of the most common questions on the topic.
    Continue reading “Key takeaways from our COVID-19 Tax Webinar!” »

  • Nonresident aliens: Your guide to navigating the COVID-19 CARES Act Stimulus Payments

    Can I claim the CARES payment as a nonresident?

    Updated 5 January 2021

    Note: Have you received the second pandemic stimulus payment – worth $600?

    In December 2020, the US government authorised the release of a second pandemic stimulus payment – worth $600. If you’re an international student or nonresident and you have received the second stimulus payment (by direct debit or check), you can find out everything you need to know in our guide here.

    What you need to know about the CARES Act

    In response to the COVID-19 pandemic, the US government introduced the CARES (Coronavirus Aid, Relief and Economic Security) Act in April 2020.
    Continue reading “Nonresident aliens: Your guide to navigating the COVID-19 CARES Act Stimulus Payments” »

  • Revealed: the 14 US tax questions every nonresident student asks us!

    How to file a nonresident tax return with Sprintax

    Are you a nonresident student in America? Do you find US tax to be confusing?

    Don’t worry, you’re not alone! Even for the most financially savvy US citizen, American tax can be pretty tricky.

    At Sprintax, we offer a 24/7 live chat service. Our chat team are on hand to guide our customers and answer all of their tax questions throughout the prep-process.

    Following the close of the 2018 tax season, we thought it would be a good idea to run the numbers on the most common questions our team have received throughout the year and answer them here in this handy blog!
    Continue reading “Revealed: the 14 US tax questions every nonresident student asks us!” »

  • Which nationality claimed the largest US tax refund with Sprintax in 2019? The results are in!

    Nonresident Tax returns Sprintax

    At Sprintax we specialize in US tax prep and securing tax refunds for international students and J-1 program participants.

    But just how many tax returns do we prepare each year? And how much money can our customers claim in tax refunds?

    With tax season 2018 firmly behind us, we thought this would be a good time to crunch some numbers and find out!

    Here’s what we found…
    Continue reading “Which nationality claimed the largest US tax refund with Sprintax in 2019? The results are in!” »

  • Utilizar TurboTax para reclamar tu reembolso de impuestos J1 es ilegal

    Testimonial image for Sprintax

    Es difícil imaginar algo peor que el IRS (Internal Revenue Service, Servicio de Ingresos Internos) después de la experiencia J1 de tu vida.

    Sin embargo, esto es exactamente lo que puede suceder si presentas una declaración de impuestos incorrecta de Estados Unidos.
    Continue reading “Utilizar TurboTax para reclamar tu reembolso de impuestos J1 es ilegal” »

  • Sprintax安全吗?

    如何安全地提交报税表及取回退款

    每位非居民学生和J-1参与者都有法律义务在4月15日截止日期之前申报纳税(由于COVID-19疫情,申报纳税期限已延长至2020年7月15日)。

    对于每年成千上万的非居民来说,报税是令人难以置信的麻烦。

    让我们面对现实吧。即使对美国人来说,美国的税收也是相当复杂的!因此,许多非居民寻求帮助完成纳税申报单是有道理的。

    有无数的税务代理和会计师为国际学生和J-1参与者提供量身定制的美国税务服务。但事实是,并不是每个税务代理人的行为都符合其非居民客户的最佳利益。

    让我们看看那些想要申请税务代理服务的非居民所面临的一些陷阱。 Continue reading “Sprintax安全吗?” »