- As of January 1, 2011 Towson University's practice is to allow tax treaties only for non-qualified scholarships and independent compensation payments.
- Individuals can still claim treaty benefits (if applicable) when filing his/her tax return.
- An income tax treaty is an agreement between the U. S. and
a foreign country
double taxation. The United States maintains
income tax treaties with over 60 countries throughout the world. No two tax treaties are alike. Tax treaty exemptions are typically valid
for a specified number of years and specified annual dollar
- The existence of an income tax treaty does not guarantee
an exemption from tax withholding.
- Income tax treaties apply to federal tax
but not necessarily
to state tax. The State of Maryland does
- Certain taxable payments made to
foreign nationals may be exempt from (not
- IRS Publication 901 - U. S. Tax Treaties provides
more extensive information
regarding tax treaties. All IRS publications and tax treaty texts
IRS website: http://www.irs.gov/pub/irs-pdf/p901.pdf