If you have received an IRS 1099-K form, you may be wondering whether the document has any implications for your tax requirements in the US.
You may receive a 1099-K document (also referred to as a Payment Card and Third Party Network Transactions form) if you received payments through credit or bank card transactions. Continue reading “Are nonresidents subject to tax if they receive a Form 1099-K?” »
(Updated for 2023)
Tax season can be a difficult time for nonresidents in the US. After all, you are filing taxes in an unfamiliar country!
However, it’s not all bad – Sprintax is here to help!
And while filing your taxes may seem like a big job, you can make the job easier by breaking it down into smaller tasks.
Step one is to gather all of the income forms and documents you will need in order to file your return. Continue reading “How to get the forms you will need to file your taxes as a nonresident” »
There is some confusion from nonresidents in the US around the topic of stimulus payments from the pandemic.
Nonresidents are typically not eligible to receive these payments. However, the IRS sent many checks to nonresidents in error.
The IRS has recently announced that people who are missing a stimulus payment or got less than the full amount may be eligible to claim a Recovery Rebate Credit on their 2020 or 2021 federal tax return.
In this guide we will cover everything a nonresident needs to know about the Recovery Rebate Credit. Continue reading “Everything a nonresident needs to know about the US Recovery Rebate Credit” »
Many nonresidents are unaware of this fact due to a combination of factors, such as busy lifestyle or they have left the country.
However, whatever the case may be, not filing your taxes has very serious consequences.
If you are a nonresident and still live in the US, continuing to avoid your responsibility can result in automatic wage seizure by the courts, asset seizures like your car and may even lead to arrest and jail time for tax evasion.
If you do not pay the taxes you owe by the tax deadline (15 April every year, except 2020 and 2021 which were 17 May and 15 July respectively) you could be hit with a variety of punishments.
Here are a few different dangers of not filing your tax return:
If you are entitled to a tax refund, you won’t be punished for filing late by the IRS.
If you wait longer than three years from the date your refund is published, however, you will lose out on your chance to claim the refund as it will automatically be handed over to the US government.
If you have unpaid taxes, you will owe the IRS interest in addition to any penalties.
You should do your best to file your tax return before the deadline to avoid facing penalties and fines!
The penalty for filing late is normally 5% of the unpaid taxes for each month or part month that a tax return is late. That penalty starts accruing the day after the tax filing due date and will not exceed 25% of your unpaid taxes.
If you file your tax return more than 60 days after the due date or extended due date, the minimum penalty is strong – $135 or 100% of the unpaid tax, whichever is less.
If you do not pay your taxes by the tax deadline, you will normally face a failure-to-pay penalty of 0.5% of your unpaid taxes.
Yes!
You can file your US tax return with Sprintax from anywhere in the world!
Sprintax is the only online Federal and State self-prep tax software for nonresidents in the US!
Our system will assist you in preparing fully compliant Federal and State tax returns and secure your maximum legal tax refund.
The H2B program allows employers in the US, who meet regulatory requirements, to bring nonresidents to the US to fill temporary (non-agricultural) jobs – for example, hotel staff, janitors, amusement park workers, landscapers, etc.
The US government has announced that the H2B visa cap has been extended by 22,000 visas to a total of 88,000 per year. Continue reading “H2B workers and taxes – all you need to know” »
Nunca foi tão fácil para não-residentes nos EUA apresentar a declaração de impostos federais.
Estamos animados em anunciar que a Sprintax – a única solução online para declarações de impostos federais e estaduais de não-residentes nos EUA – está agora disponível para o Federal E-Filing.
Isso significa que, ao preencher o questionário fácil da Sprintax, você pode apresentar sua declaração de impostos federais diretamente na IRS online. Continue reading “Novidade: Sprintax agora está ATIVO para o E-Filing Federal de Não-residentes!” »
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!” »
Due to the Coronavirus (COVID-19) outbreak, the IRS have announced a 90 day extension to the deadline to file and pay your federal taxes.
Continue reading “US Tax deadline extended to 15 July 2020” »
Filed your tax return and wondering where your refund is? Here’s how you can keep up to speed with your refund
With your tax return safely filed, you’re probably wondering ‘how long will it be before I receive my tax refund?’
Fortunately you can now get information about your tax refund online.
Here’s what you need to know…
Continue reading “Where’s My Tax Refund?” »
How long does it take the IRS to process an international student tax return?
We examine how the Tax Cuts and Jobs Act of 2017 (TCJA) affects the tax obligations of US nonresidents
In November 2017, President Donald Trump introduced a ‘Tax Cuts and Jobs Act’ that will have wide-ranging consequences for all US tax payers.
There has been much confusion surrounding the new bill and taxpayers have been keen to work out what the changes will mean for their pockets.
Below we take a look at how the bill will affect the future tax obligations of US nonresidents. Most of the changes have taken effect from January, 2018 and will change methods of withholding and the way nonresidents will be taxed throughout 2018.
It’s important to note that these amendments do not affect the 2017 tax return filing season.
Continue reading “How the ‘Tax Cuts and Jobs Act’ affects every nonresident student in the US” »
Continue reading “How to maintain a valid F-1 visa status” »
Preparing your nonresident tax return can seem like a daunting task!
Sprintax has helped many international students and scholars through the process and is always striving to make their experience as stress-free as possible.
Check out our Tax Workshop playlist below – we explain the most important things you need to know about US taxes and using Sprintax. We’ve added a video recap below each video if you prefer to read.
Here is a list of topics we cover:
The tax deadline falls on to 18 April 2022, so don’t delay and create a Sprintax account now!
Continue reading “Nonresident taxes explained for International students (Sprintax Tax Workshop)” »