Form 1040NR Nonresident Alien Filing Challenges And Effective Approaches

  • Accountant
  • AFSP
  • CRTP
  • CGFM
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • MRTP
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CFIRS
  • CWS

Published: June, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Consequences of filing as: U.S. Nonresident or Resident Alien
    5 mins
  • Ways out of U.S. Tax Residency
    12 mins
  • Residency Start Date
    24 mins
  • U.S. Source Income and Effectively Connected Rules:
    43 mins
  • After Residency Ends
    57 mins
  • Income Tax Treaties - Continued
    84 mins

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.

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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

Recommended For

  • This Online CPE webinar for CPAs is recommended for any Professional or Staff Member Involved in Preparation or Review of various type of Tax returns.
  • This CE webinar is recommended for any Professional or Staff Member helping client in Preparing Federal Income Tax Returns.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0302)
  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00294-20-S)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00294-20-S)
  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00294-20-S)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookeeper
  • 2 CPE Credit for Certified Government Financial Manager (CGFM)
  • 2 CPD Credit of Taxes for Personal Financial Specialist (PFS)
  • 2 CPE Credit of Taxes for Chartered Financial Consultant (ChFC)
  • 2 CPE Credit of Taxes for Financial Services Certified Professional (FSCP)
  • 2 CPE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
  • 2 CPE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
  • 2 CPE Credit of Taxes for Retirement Income Certified Professional (RICP)
  • 2 CPE Credit of Taxes for Wealth Management Certified Professional (WMCP)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

Presenter

About Presenter

Marc Strohl

Principal, Protax Consulting Services Inc.

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.

About Company

Protax Consulting Services Inc.

protaxconsulting.com/

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

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
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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.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • 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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