- NY Credits : 2.0
- TX Credits : 2.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
This course describes the taxation and basic concepts of United States nonresident alien individuals and how that taxation differs from that of a resident alien. The course covers the IRS form 1040NR requirements. The form 1040NR is the United States income tax form completed by or on behalf of nonresident aliens. The course covers the tests used to determine the important classification as to whether an alien is a nonresident or resident alien. These two tests to determine alien status are commonly referred to as the green card test and the substantial presence test. The course also covers withholding requirements on payments made to nonresident aliens and other taxes, special rules, and exclusions for nonresident aliens. This basic level course is most beneficial to professionals new to taxation of the nonresident alien who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic.
Upon successful completion of this course, the user should be able to:
identify the classification differences between nonresident alien and resident alien;
recognize the tie-breaker rules when dual status exists, the green card and substantial presence tests, and effectively-connected income;
identify withholding requirements for nonresident aliens on U.S.-source income;
recognize filing requirements for the form 1040NR, and when the form 1040NR-EZ form may be used; and
recognize other taxes situations that may impact nonresident aliens.