In order to streamline the International Student tax compliance process, Jacksonville University requires all international students to prepay their international taxes each semester.  The United States Internal Revenue Service requires Jacksonville University to withhold 14% of monies awarded that cover room and board, which is considered income.  In essence, the Controller’s office will create a tax deposit account for each person.  The deposit amount for the 2011-2012 Academic Year is $680.00.  The Fall 2011 deposit is required no later than August 26, 2011.  Additionally, students must be prepared to pay approximately this amount when the taxes are charged in the Fall 2011 semester, once all financial aid has been disbursed.  If the taxes are not paid by the end of the calendar year, then the pre-paid deposit will be used to pay the outstanding taxes, and another deposit will be required before the student will be allowed to register for the Spring 2012 semester.  It is recommended that each semester’s taxes be paid in a timely fashion to ensure early registration for following semester(s). As room and board rates increase from year to year, the students will be responsible for increasing the deposit amount to maintain a 14% deposit.  The deposit is held for the student until his/her final semester when it is applied towards their account balance. 

 Items that are taxable on a student account include: Scholarship or fellowship money (foreign or domestic) that covers Room and Board.  Students who are self-pay do not have to prepay.

For more information, contact Kimberly Fisher, kfisher2@ju.edu.