Common Tax Forms


 Typical forms that a student may receive for tax filing purposes are:

W-2 (Wage and Tax Statement): Summary of the total amount of wages earned during the year and the amount of money withheld for any taxes (federal, state and local).
 
  • You would only receive this document if you had employment during tax year 2019.
  • This is an income statement, NOT a tax return! If you receive one, you will utilize the information on this form to complete your tax return and a copy of your W-2 will be included with the tax return you file with the IRS. You will not have to complete or add any information to this form.

1042-S (Foreign Person’s U.S. Source Income Subject to Withholding): Issued to document taxable scholarship income and scholarship or wage income that is exempt from withholding because of a tax treaty.
 
  • You would only receive this form if you received a taxable scholarship, fellowship, or grant; or if you had any withholding exempted by a tax treaty.
  • This is an income statement, NOT a tax return! If you receive one, you will utilize the information on this form to complete your tax return and a copy of your 1042-S will be included with the tax return you file with the IRS. You will not have to complete or add any information to this form.

1099-INT (Interest Income): Issued by your bank and shows the interest you received on deposits in your bank account or certificate of deposit (CD). Bank interest is not taxable for nonresident aliens, so most international students do not need to consider this form in preparing your tax return.
 
  • This is an income statement, NOT a tax return! If you receive one and you are a resident for tax purposes, you will utilize the information on this form to complete your tax return. You will not have to complete or add any information to this form.

1099-MISC (Miscellaneous Income): Used to show "independent contractor" income. Sometimes students who work in off-campus jobs for CPT, OPT, or Academic Training are given this form to document job income instead of the W-2. If the income shown on the 1099-MISC is very large, you may owe taxes when you file your return because taxes were not withheld from "independent contractor" income.
 
  • This is an income statement, NOT a tax return! If you receive one, you will utilize the information on this form to complete your tax return and a copy of your 1099-MISC will be included with the tax return you file with the IRS. You will not have to complete or add any information to this form.
 
1098-T (Tuition Statement): Issued by educational institutions in the U.S. to show the educational expenses for each tax year. This form helps residents for tax purposes to take advantage of education tax credits. Nonresidents for tax purposes are not permitted to utilize this form. ISS recommends that nonresidents for tax purposes simply keep this form for their records.
 
  • This is a tuition statement, NOT a tax return! If you receive one and you are a resident for tax purposes, you will utilize the information on this form to complete your tax return. You will not have to complete or add any information to this form. If you are a nonresident for tax purposes, you will not have to use this format at all.

Please note there may be other tax forms that you receive. If you receive other forms and you are unclear what to do with them, e-mail hello@sprintax.com or iss@tamu.edu for assistance.