University Tax Services


Our department, under Financial Management Services, contributes to the University's overall success by advancing compliance with Federal and State tax laws throughout the university community.

TAX TIDBIT:
(Form 1098T): IRS Tax Tip 2016-36 - Tax Savings from Higher Education Costs

 

(Form 1042-S): If you've received an IRS Notice CP21C, CP22A or IRS Letter 5532C for the tax year 2014, please contact taxpayer@iu.edu immediately for assistance related to taxes owed to the IRS.

 

UPDATE: Latest information regarding IRS Notice: 2014 Form 1042-S:

After many discussions with the IRS and the Taxpayer Advocate Service, as of last week, some affected payees have variously received refunds, been notified that refunds are in process, or that their cases are being reviewed and may require another 45 days to resolve. Hopefully these are the first signs of relief for everyone affected by the 1042-S withholding credit issue, and an indication that IRS is addressing reporting concerns, and the Taxpayer Advocate’s April 15 recommendations on this issue (see https://oversight.house.gov/wp-content/uploads/2016/04/2016-04-15-Nina-Olsen-Testimony.pdf).

 

It is clear, however, from the IRS Commissioner’s April 19 testimony to the House Ways and Means Committee’s Subcommittee on Oversight on the 2016 filing season (https://www.irs.gov/uac/Written-Testimony-of-Commissioner-Koskinen-before-the-House-Ways-and-Means-Committee-on-the-2016-Filing-Season,-Cybersecurity-and-Protecting-Taxpayer-Information) that IRS has a significant backlog of taxpayer correspondence on many issues, which means that some taxpayers will continue to receive automated payment-due notices while their responses to earlier IRS notices are working their way through the system.

Employees Useful information on paycheck taxes, Form W-2 and fringe benefits. The section also covers information for employees living and working outside the state.
International

All payments to international visitors are reviewed by the IU Tax Department. A comprehensive listing of all tax information for these payments is under this subject.

Sales & Use Tax While the university is tax exempt from most income taxes associated with revenue from our exempt purpose, IU is not always exempt from state sales tax. This topic discusses issues related to collecting and paying sales tax.
Students Helpful topics for students and staff related to Form 1098-T and scholarships/fellowships.
Independent Contractors Includes information on Form W-9 and Form 1099-MISC. A guide to independent contractor/employee determination.
Unrelated Business Income Tax The university is subject to income tax on activities that are unrelated to our mission. This section discusses all the criteria, definitions and examples used to determine this income.
045.png Other Tax Other tax topics and other reporting requirements.
020.png Standard Operating Procedures Standard Operating Procedures related to tax issues at Indiana University
Frequently Asked Questions A helpful listing of questions and answers for a variety of topics related to taxes and our department.
About Us A contact page for all Tax staff along with a listing of responsibilities. The tax form forecast scheduling all forms issued by the department.