A: Yes, Sprintax will determine and track FICA exemption status. The system will outline if individuals are exempt or non-exempt along with exemption expiration date. This will help Institutions identify when individuals might become subject to FICA tax.
The system will track the FICA exemption based on entries available on the Residency page for Foreign Nationals.
Administrators can use Filters and Views to see a report of FICA exemption and FICA expiration dates.
You can also include a date range filter of when users might have their FICA exemption expire, which can be helpful for forecasting which individuals will need to have FICA apply to their circumstances for future tax years.