Many people may be unaware, but all foreign students and their dependents who are within the United States, and holding nonimmigrant visas in the F, J, M, and Q categories, must complete form 8843 “Declaration for Exempt Persons,” even if they have not received any financial gain in the U.S. during the previous year.
It should be noted that Form 8843 is not an income tax return, but rather an informational status statement that must be submitted to the IRS by certain nonimmigrant visa holders, in order for their status as “tax-exempt” individuals to be maintained.
By failing to file Form 8843, individuals may be subject to taxation of their overall income once they have met the requirements for U.S. tax residence characterization.
If an individual is not required to file a US federal income tax return, he or she must only submit Form 8843 to the IRS by June 15, 2019, at the latest.
Complying with U.S. tax regulations is mandatory and essential, so that individuals within the aforementioned visa categories can benefit from the income tax exemption on income from foreign sources, while maintaining their status in the country. Depending on the situation, other tax obligations may apply.
If you need help filing and submitting Form 8843 before June 15, do not hesitate to contact the HAYMAN-WOODWARD Global Tax division. Our experienced tax advisors can guide you through every step of your process.
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