Tax practitioners often face nonresident alien income filing requirement challenges. This two-hour CPE will help you understand those challenges and properly file Form 1040-NR.
For nonresident aliens, tax advisors must understand the distinctions between a U.S. resident and a non-resident, dual-status or undocumented alien to resolve complex issues when preparing Form 1040NR. Immigration law presents unique challenges affecting the tax liability of non-resident aliens and individuals who are not citizens but do reside in the U.S. including taxpayer classification, determination of who should file, non-resident alien election, determination of dual status, how to report income and claim refunds, available deductions and limitations, treatment of spouse and dependents, filing due dates, and other common pitfalls.
Tax and accounting professionals working with expatriates and their employers on income taxation issues and return preparation can benefit with the clear understanding on the following fronts:
Consequences of filing as: U.S. Non/ Resident Alien
The SPT‐ Resident vs. Nonresident Alien
Who must File Form 1040NR
Exceptions from filing Form 1040NR
U.S. Source Income and Effectively Connected Rules
Dual Status Filers & Election as Resident Alien
IRS IRC Sec 893‐ Compensation of Employees of International Organizations and Foreign Governments
State Residency Tax Considerations
Income Tax Treaties
Join richly experienced practitioner and our speaker Marc J. Strohl, CPA, as he explores difficulties arising from tax preparation for nonresident aliens that often confound even the most experienced of tax professionals. Mr. Strohl focuses his practice exclusively in this area and help you resolve your queries in the class.
Learning Objectives
To identify income tax reporting and planning issues relating to nonresident aliens with U.S.-source income
To recognize how to properly prepare Form 1040-NR
To identify residency termination dates
To recognize which category is not included for the exempt individual exception to the substantial presence test
To recognize which factor may not be used to establish a closer connection
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
Marc J
Strohl, CPA (mstrohl@protaxconsulting.com) is a founding Principal at Protax Consulting
Services Inc. established 2001, previously with Deloitte &
Touche LLP, PricewaterhouseCoopers, and Ernst & Young LLP.
He has
more than 20 years of extensive experience specializing in international U.S.
individual income taxation issues, as related to individual U.S. expatriates
and nonresident aliens or foreign nationals serving individual clients as well
as the employees of employer-sponsored programs of multinational public,
non-profit companies and professional firms.
Marc
is multi state licensed CPA and is a member of the AICPA and NYSSCPA including
their International Taxation and Taxation of Individuals Committees. He
is a regular contributor to the NYSSCPA’s “The Trusted Professional” and blog
publications and is featured internationally including in the critically
acclaimed Thomson Reuters’ twice-monthly newsletter publication Practical
International Tax Strategies now rebranded Journal of International
Taxation and also their Practical Tax Strategies publication.
Marc’s
concise and informative, industry benchmark authoritative executive summary tax
articles regarding U.S. Expatriate and Foreign National-Nonresident and/ or
Resident Aliens tax are world renown and standard issue at the big 4 to staff
and clients.
In
addition to being a regular speaker at the NYSSCPA - FAE Technical Sessions and
Committee Conferences, Marc is a frequent external speaker on U.S. international
individual taxation matters and featured faculty at CPAacademy, Clear
Law Institute, myCPE, CCH- Wolters Kluwer CCH Webinars, Lawline,
Furthered and Strafford Publications providing online C.P.E. and
C.L.E. education courses to CPA's and Attorney's worldwide.
He
earned a Master's degree in Public Accountancy from McGill University,
Montreal, Canada and a Bachelor of Science Honoring in Chemistry.
Established in March 2001, Protax Consulting Services specializes in international individual U.S. tax compliance & consulting services for U.S. expatriates or expats living and working outside the U.S. Also U.S. foreign nationals or nonresident aliens living and working inside the U.S.
Protax quickly has become a leading professional services tax accounting and consulting firm offering world class tax accounting, consulting and compliance and accounting business management services to individuals and businesses worldwide.
We are the exclusive US tax providers and preferred information resource to the world's top expatriate web sites and we are ranked number one by the World Wide Web's top search engines and directories, Yahoo and Google. Our concise and informative executive summary tax articles are considered industry benchmarks. We operate on a global platform with client presence worldwide providing seamless tax coverage worldwide through a national and international affiliation in a strategic alliance of independent accounting firms.
In this profession you are only as good as your last compliance and consulting engagement. Our clientele have become fickle and more demanding for top quality professional service, advice and results all at a reasonable price structure. For this reason Protax has grown quickly. For this commitment our clients continue to send us testimonials and are appreciative of all our efforts.
Protax is a progressive firm employing state of the art technological advantages. From research to tax planning and advice we use our electronic tools wisely to analyze the alternatives and to recommend appropriate courses of action. We are always on the lookout for innovative technologies that will make our work more meaningful and seamless to the client.
Our assets are our people. Our talented, resourceful and spirited people are the very best technically in terms of competence, always with an eye towards service and timeliness.
FAQ
To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).
