Tax Help
Need Help Filing Your Tax Return?
Want to find out if you are eligible to get money back from IRS? Want to find out details about forms to be filled out? The GSC is offering the following tax filing assistance to the MIT community.
Workshops:
We will cover general information and questions
about requirements for filing your 2008 return, with information
tailored to the MIT community. Workshop times and locations will be announced once they are finalized.
Workshop Handouts (2003 tax year):
RA/TA income
Fellowship income only
Online Assistance:
A wealth of
tax-related information right here on our website... look below!
Economic Stimulus Payments for 2008 (Tax rebate):
If you're wondering whether you'll get the extra tax rebate that you've been hearing about in the news, visit the Economic Stimulus Payments Information Center
Notes from Payroll
Tax forms will be mailed from Payroll and Accounts Payable at different times between January 31, 2008 and March 1st
Please contact Payroll or Accounts Payable _after February 1, 2008_ if you have questions about the forms you will receive.
| Tax Form | Issued For | Issued By |
| W-2 | Employee and students salary and wages payments except wages exempt under a tax treaty | Payroll Office |
| 1042s | Non Resident Alien employees and students salaries covered by tax treaties and fellowships covered by a tax treaty (for which there was no income tax withholding) or fellowships not covered by tax treaty which had federal income tax withheld | Payroll Office: salary and wage payments, fellowships Accounts Payable: honoraria, prizes and awards, fellowships, non-graduate student salaries etc. |
| 1099-MISC | Independent contractors, royalties and other income | Accounts Payable |
| 1099-R | Pension payments to retirees & Long Term Disability | Payroll Office |
Foreign nationals who qualify for a Tax Treaty in 2008 should come by the HR/Payroll Office during January 2008 to fill out new forms, or they can email mdailey[at]mit[dot]edu to request forms.
If you're a foreign national who filled out tax forms in 2007, your next scheduled sign up will be in 2010. (Please note: Fellowship Tax Treaties are effective for three years).
Foreign nationals are encouraged to check the IRS web site www.irs.ustreas.gov -Publication 901-US Tax Treaties to ensure that they qualify.
Before You Start (some tips)
- Deadline for filing federal taxes is April 15, 2008
- Deadline for Massachusetts state taxes is also April 15, 2008
- The sooner you file your return, the sooner you receive your refund
- Electronic refund/payment is recommended since it is quick and secure.
- Mail your tax returns by a certified postal carrier. If using USPS, use certified mail with return address card to receive notification of delivery.
- File tax returns even if you do not have any taxable income.
- No tax deducted does not mean you do not owe taxes.
- Keep the taxes you owe to the IRS after withholding to less than $1000 to avoid penalty.
- Write your social security number on all forms and payments.
- Remember to sign all the tax forms before sending them
- Make copies of your tax returns before mailing them
