School imports students onto TDS.
Students answer our online TDS Questionnaire.
System identifies deductions and tax treaties.
TDS prepares students tax documents such as 1042-S, W4, 8233, W-8 Ben etc.
User accesses forms from their TDS account for their tax return.
Option to transfer data into Sprintax Tax Preparation to prepare Tax Returns.
Sprintax Tax Determination System (TDS) is a tool that ensures students and scholars are taxed correctly on income earned in the US, so the correct amount of tax is withheld from earnings and reported to the IRS.
Properly documenting and withholding on payments to non-resident students and scholars has become an increasingly important area for educational institutions and as a result, Sprintax developed Sprintax Tax Determination System (TDS) to tackle this growing issue.
Sprintax TDS is available for use by foreign students, scholars, teachers, researchers, trainees and all other international visitors with F, M, J, Q, H and L visas.
Students and scholars simply complete our online questionnaire and TDS does the rest. Based on the information provided, Sprintax TDS will calculate student and scholar tax withholding and determine whether they are eligible for tax treaties or deductions. It will then prepare the necessary tax documents for students, such as 1042-S, 8233, W-8Ben, etc.
Sprintax TDS highlights the tax status of your international students and scholars on a user-friendly administrator dashboard, and identifies how they should be taxed on income from your institution. TDS can also link to Sprintax Tax Preparation where students can prepare their tax returns upon completing their TDS account.