Form 1040NR Nonresident Alien Filing Challenges and Effective Approaches
Determining Taxpayer Classifications and Elections, Computing Income and Deductions, Understanding Spouse/Dependent Treatment
A live 110-minute CPE webinar with interactive Q&A
This course will provide tax advisers and professionals with a thorough and practical guide to preparing Form 1040NR, U.S. Nonresident Alien Income Tax Return. The panel will offer useful guidance in determining which individuals should file, identifying and reporting income subject to U.S. income tax, identifying available deductions and limitations, claiming refunds, and discerning correct tax treatment of spouse and dependents.
Outline
- Defining a foreign investor
- Source-of-income rules
- Who files Form 1040NR?
- Nonresident alien standard
- Dual resident taxpayers
- Dual status taxpayers
- Impact of impending tax reform on nonresident filing requirements
Benefits
The panel will tackle issues such as:
- What are the critical complexities and best practices for tax advisers in determining the classification and status of a taxpayer as a U.S. resident or nonresident alien?
- What are income items and deductions to always consider when preparing Form 1040NR?
- What is the difference between income effectively connected with a U.S. trade or business and FDAP, and how is this income reported and taxed on Form 1040NR?
- What special elections apply to a U.S. nonresident alien?
- What common mistakes can tax professionals anticipate and avoid when preparing Form 1040NR?
Faculty
Marc J. Strohl, CPA
Principal
Protax Consulting Services
Mr. Strohl specializes in international U.S. individual income taxation issues as related to individual U.S.... | Read More
Mr. Strohl specializes 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. He is a member of the AICPA and NYSSCPA’s International Taxation Committee and Taxation of Individuals Committee, and a regular contributor to the NYSSCPA’s “The Trusted Professional” and blog publications. He is featured internationally including his Published main articles in the critically acclaimed Thomson Reuters’ twice-monthly newsletter publication Practical International Tax Strategies. His industry benchmark authoritative executive summary tax articles found at: https://www.protaxconsulting.com/article/ regarding U.S. Expatriate and Foreign National-Nonresident and/ or Resident Alien tax are world renown and standard issue at the big 4 to staff and clients.
Close
Ragini Subramanian
Senior Manager
Eisner Advisory Group
Ms. Subramanian is a Tax Senior Manager in the Private Client Services Group. With over 10 years of tax experience, she... | Read More
Ms. Subramanian is a Tax Senior Manager in the Private Client Services Group. With over 10 years of tax experience, she provides comprehensive tax, compensation, and financial planning services including international and domestic tax planning for high net worth individuals and closely held entities. Ms. Subramanian has expertise in FIRPTA compliance issues related to holding of U.S. real property interest, expatriation and inpatriation planning, foreign information reporting requirements for individuals and entities, including FBAR, and Forms 8938, 5471, 8865, 926, 3520, 3520-A, 8858.
CloseEarly Discount (through 01/03/25)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
See
NASBA details.
Cannot Attend January 21?
Early Discount (through 01/03/25)
CPE credit is not available on downloads.
CPE On-Demand