The following are yearend tax statements. Foreign nationals receiving
payment from Towson University may receive any of the following yearend
tax statements. These forms are important and provide the information
needed to complete your tax return.
| Form |
What is Reported |
Issued By |
Comments |
| W-2 |
Wage and Tax Statement
Statement of wage and tax payments for the previous calendar year.
|
January 31st
|
|
1042-S
|
Foreign Person’s U. S. Source Income Subject to
Withholding
Statement of taxable scholarship/ fellowship funds, employment compensation
exempt by tax treaty, and non-employee payments (e.g., independent contractor)
|
March 15th
|
Taxable scholarship and treaty-exempt payments also reported in Box 16 - State Wages on Form W-2.
|
Note: Recipients of taxable
scholarships will receive BOTH forms. Nontaxable scholarship amounts are not reported on any yearend tax
statement.
|
|
