AFM Newsletter for February 23, 2023

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Published:
February 23, 2023

In This Issue:

  • Tax Form 1042-S Available March 1
  • Registration Hold Threshold Increased to $1,000
  • Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

Tax Form 1042-S Available March 1

The 1042-S, a tax form for nonresident employees who earned wages that were exempt from federal withholding taxes due to a tax treaty, will be mailed and available electronically through the My Tax Forms page of UT Direct starting March 1. 1042-S Forms will also be issued for any nonresident individuals that were paid scholarships, fellowships, royalties, and/or cash prizes during the tax year.
 
For more information on the 1042-S, please contact 1042S@austin.utexas.edu.


Registration Hold Threshold Increased to $1,000

The university’s financial threshold for registration bars has been increased to $1,000 effective immediately and applicable for the upcoming registration period beginning April 3. This means that undergraduate and graduate students will no longer be prohibited from registering for future terms unless they owe more than $1,000 or have any other non-financial registration bars. Previously, students were unable to register if they owed any money at all.

In addition, the university is officially retiring the term “bar” when referring to the various types of holds that can be placed on a student’s account. Moving forward, “hold” will be the term used in all instances — a small yet important terminology change that reflects a more student-centric and positive tone.


Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu

Many thanks to the readers who have written in with suggestions and feedback about the newsletter. Please continue to write in with any suggestions for improvements or comments to the AFM@austin.utexas.edu email address.