Form 1040NR, U.S. Non-Resident Alien Income Tax Return, presents several daunting challenges for tax advisers and compliance professionals. Just deciding whether a foreign person needs to file a Form 1040NR is unclear. The adviser's determination of whether a person is a resident alien, non-resident alien, dual-status alien, or undocumented alien is critical in this evaluation. Immigration laws impact the tax liability of non-resident aliens and individuals who are not citizens but reside in the United States.
Advisers must also know available elections, deductions, and limitations, how to report income and claim refunds, treatment of spouse and dependents, and filing due dates and non-compliance penalties. As with other foreign-related filings, the IRS imposes penalties for failure to timely file Form 1040NR even if the taxpayer has no tax liability. The 2017 tax reform law added new complications, particularly in treating fixed, determinable, annual, or periodic (FDAP) income. Also, international students in U.S. colleges and universities face reporting and tax requirements on previously non-taxable stipends.
Listen as our experienced instructor, Marc J. Strohl, CPA, provides a thorough and practical guide to identifying and meeting the unique challenges of preparing Form 1040NR, U.S. Non-Resident Alien Income Tax Return.
Marc J Strohl, CPA, is a founding Principal at Protax Consulting Services Inc., established in 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 tax issues related to individual U.S. expatriates and nonresident aliens or foreign nationals serving individual clients and employees in employer-sponsored programs of multinational public, non-profit companies, and professional firms.
Marc is a 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. He is featured internationally, including the critically acclaimed Thomson Reuters’ twice-monthly newsletter publication Practical International Tax Strategies, now rebranded Journal of International Taxation and their Practical Tax Strategies publication.
Marc’s concise and informative industry benchmark authoritative executive summary tax articles regarding U.S. Expatriate and Foreign National-Non-Resident and Resident Aliens tax are world-renowned and standard issues 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 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.