Healthcare
Healthcare organizations and integrated health networks rely on Windstar
Technologies to offer up-to-date and comprehensive software products and
services to meet IRS tax compliance for nonresident aliens (NRA), including
doctors, researchers, medical students, and visiting lecturers.
Windstar® Solutions allow healthcare organizations and integrated
health networks to:
- Provide proper tax and treaty benefits to interns, residents, research
staff, medical students and independent contractors
- Avoid unnecessary assessments, fines and penalties for processing tax
items incorrectly
- Be prepared for an IRS audit by providing an audit trail
Be Compliant with IRS Rules and Regulations for the Healthcare
Industry
The United States has treaties with over 60 countries around the world,
which require different withholding, exemption and reporting rules for
residents and nonresidents who qualify. In addition, although foreign nationals
who are residents for federal income tax purposes are taxed like U.S. citizens,
special IRS tax rules apply to payments to foreign nationals who are nonresident
for tax purposes.
Windstar’s IRS compliance software solution International
Tax Navigator® helps
hospitals, health organizations, and research institutions manage payments
to foreign nationals.
International Tax Navigator determines US tax residency status,
tax treaty eligibility, and applicable tax rates and exemptions. The system
provides web-based data collection and forms delivery, 1042-S processing,
and superior client support, including web-based training, a dedicated
listserv, and a client-only resource library. International Tax Navigator
currently has two-way interfaces with Oracle
| PeopleSoft HRMS and SunGard HE Banner HR. A one one-way interface
is available for High
Line HRMS. Windstar is developing interfaces with SAP and ADP.
Avoid IRS Penalties
Payments to nonresident aliens are complicated – and can be costly
if the organization doesn’t follow IRS rules and regulations. For
example:
- Form 1042-S information forms– nonfiling of 1042-S can result
in per form penalties
- Foreign independent contractors – payments through A/P require
a 1042-S – not a 1099-MISC
- Direct compensation (payroll/employee) – requires a 1042-S if
any part of the payment involves tax treaty exempt earnings
Below is a partial list of Windstar healthcare clients who use International
Tax Navigator to manage IRS compliance for all payments to foreign
persons:
- Baylor Health Care Systems
- Brigham and Women’s Hospital
- Children’s Hospital, Boston
- Children’s Hospital, Los Angeles
- Children’s Hospital, Philadelphia
- Fred Hutchinson Cancer Research Center
- Massachusetts General Hospital
- Mount Sinai Medical Center
- New York University Medical Center
- Roswell Park Cancer Institute
- Salk Institute for Biological Studies
- St. Jude Children’s Hospital
- University of Arkansas for Medical Sciences
- University of Texas-Health Science Center at Houston
- University of Texas-MD Anderson Cancer Center
- University of Virginia Medical Center
- Weill Medical College of Cornell University
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