Understanding the intricacies of payroll taxes for non-resident aliens on F-1 and J-1 visas is essential for employers and payroll professionals. This course provides a comprehensive exploration of the tax implications, exemptions, and treaty agreements that impact these individuals. With the increasing influx of international students and teachers in the United States, employers need to be well-versed in the rules and regulations surrounding their payroll taxes.
What's New or Different in This Training:
• Identifying often-overlooked payroll documents and their retention requirements.
• Highlighting state-specific regulations that may differ from federal guidelines.
• Comprehensive discussion on document retention periods, including timesheets, payroll changes, wage additions/deductions, and state taxes.
Attendees Will Learn:
By attending this course, participants will gain knowledge on:
• The fundamentals of F-1 and J-1 visas.
• Tax exemptions and withholding requirements for visa holders.
• The essential forms to be completed by both employees and employers.
• Best practices for handling tax treaties and managing these employees.
• Year-end tax form filing procedures.
• Accessing valuable online resources for tax treaty information.
Session Highlights:
This session will cover:
• Distinct differences between F-1 and J-1 visas.
• Reporting employee wages on specific tax forms.
• Accurate filing of tax treaty exemption forms.
• Tax treatment guidelines for visa-holding employees.
• Timelines for submitting tax forms.
• Varying tax treatments based on treaty articles.
Major topics covered in this course:
1 Understanding the VISA and OPT
• F-1 VISA
• OPT-Optional Practical Training
• J-1 VISA
• I-94
2 Federal Tax Treatment
• FICA/Medicare and FUTA Exemption
• Tax Treaty
• Form 8233
• Form W-4
• Calculating Non-Resident Tax
3 Year-End Reporting
• Form 1042-S
• Form 1042 and 1042-T
• Form 941
4 Helpful Publications and Websites
• Publication 15
• Publication 15-T
• Publication 515
• Publication 519
• Publication 901
Why Attend:
• Employers and payroll professionals will benefit from attending this course for several reasons:
• Gain clarity on complex tax laws related to F-1 and J-1 visa holders.
• Prevent issues arising from incorrect tax withholdings.
• Stay informed about the increasing number of international students and teachers seeking employment.
• Understand the advantages of tax treaties for both employees and employers, resulting in potential cost savings.
Who Should Attend:
This course is ideal for:
• Payroll Professionals
• Small Business Owners
• Bookkeepers
• Managers
• Tax Professionals
Speaker's Introduction:
Meet our expert speaker, Debbie Cash, CPP, Supervisor of TLM Implementation at G&A Partners. Debbie boasts over 30 years of experience in payroll processing and payroll taxes for various industries. Her expertise extends to international tax matters related to student visas, making her well-equipped to guide you through the complexities of payroll taxes for F-1 and J-1 visa holders.
