Q: What is the importance of choosing the correct income code when making payments?
A: Treatment of software payments can be complicated and all facts and circumstances must be revi...
Q: Does Sprintax Calculus determine the correct tax rate to apply to payments?
A: By using the information provided by foreign national users, the software determines tax resid...
Q: Does Sprintax Calculus track FICA exemption eligibility for foreign nationals?
A: Yes, Sprintax will determine and track FICA exemption status. The system will outline if indiv...
Q: Are J2 Visa holders exempt from FICA for 2 calendar years?
A: J-2 visa holders are generally not exempt from FICA and are fully liable for Social Security a...
Q: I have foreign nationals who are on EAD. Are they exempt from FICA taxes on EAD or an OPT/CPT?
A: EAD and OPT are not immigration statuses.
An Employment Authorization Document (Form I-766/EAD...
Q: Does Sprintax generate tax reports which summarize income, tax withholdings, tax exemptions and more based on payments entered into the system?
A: Yes, Calculus offers the Payments Entry Module (PEM) with tax reports available.
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