A number of ISSS-BU readers who are familiar with the process for filling out their income tax forms have asked the ISSS to provide information on specifically what has changed, or what is new for Tax Year 2012.
For the eighth year, the ISSS has purchased a license with GLOBAL TAX PREP (formerly CINTAX) to allow BU international students, alumni, scholars and faculty to use GLOBAL TAX PREP to compute and print the federal income tax forms. GLOBAL TAX PREP is a web-based tax preparation system designed exclusively for international students, scholars and faculty who file forms 1040NR or 1040NR EZ as non-residents for tax purposes.
The filling deadline for both US Federal and New York State income tax this year is April 15, 2013.
An important item of note is to remind readers of the criteria that determines who qualifies as a non-resident for tax purposes for tax year 2012. F-1 and J-1 students, and their F-2 and J-2 dependents, qualify as non-residents if they have been in the United States in that status since 2008 or later. F-1 or J-1 students who have been in the United States in that status for more than five years (2007 or earlier) are considered to be residents for tax purposes.
J-1 scholars and their dependents qualify as non-residents if they have been in the United States in that status since 2011 or later. J-1 scholars who have been in the United States in that status for more than two years (since 2010 or earlier) are considered to be residents for tax purposes.
The personal exemption deduction (line 13 on form 1040NR EZ, line 40 on form 1040NR) is $3800 for tax year 2012. This amount is $100 higher than last year.
The standard deduction (used only by students from India as their tax treaty amount) is $5950 for single individuals and those who are filing as "married filing separately" for 2012 on form 1040NR EZ. The standard deduction is $11,900 for Indian nationals who are filing as "married filing jointly" for 2012 on form 1040NR. Indian nationals enter the standard deduction amount (line 11 on form 1040NR EZ, line 38 and page 3 line 1 on form 1040NR) instead of their state and local taxes.
The Department of the Treasury has a new address for mailing form 1040NR EZ or form 1040NR if you have to enclose a payment. The old address is still used if you are entitled to a refund or owe no tax.
Mail forms 8843 and 1040NR EZ (or 1040NR) and the appropriate attachments to:
If no payment enclosed
Department of the Treasury
Internal Revenue Service Center
Austin, TX 73301-0215
If payment enclosed, mail 8843 and 1040NR EZ (or 1040NR) and the appropriate attachments to:
Internal Revenue Service
P.O. Box 1303
Charlotte, NC 28201-1303 U.S.A.
New York State filers has done away with Form IT-2. New York State filers will now include a copy of form W-2 the wage and tax statement, with forms IT-203 and IT-203B.
For tax years 2012 and after, taxpayers may enter only whole dollar amounts on New York State income tax forms.
New York State no longer mails form 1099-G "Statement for Recipients of State Income Tax Refunds." This is the form that shows your NYS income tax refund amount for the previous tax year. If you filed state income tax forms for tax year 2011 and received a refund from New York state, you will need to report the amount on your 2012 non resident Federal Return (unless you are a citizen of India). To find this amount you will need to check page 4 of your 2011 NYS IT 203 form, or visit New York State's on-line tax center at http://www.tax.ny.gov/pit/file/1099g.htm or call (518)457-5181 (in state callers without free long distance call 1-866-698-2946)
Last Updated: 1/28/13