Illinois State University employees and students present in the U.S. on an immigration status may desire a meeting with a tax specialist to identify their tax status, complete proper tax forms, facilitate any available tax treaty benefits and clarify any tax filing responsibilities.
Unit: Comptroller
IRS announces February 12 as new start date for the new tax filing season
The Internal Revenue Service (IRS) announced that the nation’s tax season will start on Friday, February 12 when the tax agency will begin accepting and processing 2020 tax year returns. The February 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the
Pay advice reconciliation template for form W-2
Employees often ask what amounts are reported on a form W-2 and why the amounts on their pay advices are different from amounts on their form W-2.
Form W-2, box 14, reporting of FFCRA leave
Illinois State University has elected to report the FFCRA sick pay and paid family leave amount in box 14 (Other).
2020 form W-2 distributed
2020 form W-2s are available through My.IllinoisState beginning Monday, January 18.
Form 1098-T available soon
If you are eligible to receive form 1098-T (Tuition Statement) your 2020 form 1098-T will be available by January 31.
Reporting paid COVID-19 sick or family leave on form W-2
The Families First Coronavirus Response Act (FFCRA) required that qualifying employers provide paid sick and family leave to eligible employees between April 1, 2020 and December 31, 2020. Under the FFCRA, employees could receive paid leave in the following situations: Ten days of paid sick leave at the employee’s regular rate of pay: Employees who
HSA contributions reported in form W-2 Box 12, Code W
If an employee has an amount reported in box 12 of their Form W-2 (Code W) for employer contributions to your health savings account (including contributions through a cafeteria plan), then the employee should complete IRS form 8889 Health Savings Account.
Employees will soon receive tax forms W-2, 1095-C, and 1042-S
2020 form W-2s will be distributed by February 1, and 2020 form 1095-Cs will be distributed by March 2. Electronic versions of these forms are available through My.IllinoisState.edu.
University elects to truncate Social Security numbers on form W-2s to fight identity theft
Starting in 2021, employers may truncate taxpayer identification numbers (TINs) on form W-2s distributed to employees.