Form 1040NR Nonresident Alien Filing Challenges and Effective Approaches

4.8 (4)

Marc Strohl

Protax Consulting Services Inc.

Thursday, December 17, 2020 | 10:00 AM EST

  • CPA
  • EA
  • CTEC
  • TAX PROS
  • AFSP

Credits: 2 CPE | 2 CE

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

2 CE credit of Federal Tax for Oregon Tax Preparers

2 CE credit of Federal Tax for Maryland Tax Preparers

2 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

2 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

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

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • Bookkeeper
  • Accountant
  • CPA - Small Firm
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  • Accounting Firm
  • Tax Pros
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  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Senior Accountant
  • Tax Managers
  • Accounting Managers
  • Tax Preparer
  • Staff of Accounting Firm

Testimonial

4.8

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JL

A little hard to understand the 3 year calculation. Would be helpful to do a few examples.