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Cpece webinars
Form 1040NR Non-Resident Alien: Filing Challenges & Effective Approaches

FORM 1040NR NON-RESIDENT ALIEN: FILING CHALLENGES & EFFECTIVE APPROACHES

Cost $40.00
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes (Federal Tax)
CE Credits 2.0 hours
Course Id# - HURS9-T-00813-20-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

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.

Learning Objectives:


  • Define a foreign investor

  • Identify source-of-income rules

  • Identify the impact of the 2017 tax reform law on non-resident filing requirements

  • Recognize who files Form 1040NR (non-resident alien standard, dual-resident taxpayers, dual-status taxpayers)

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Protaxconsulting

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.

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

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EA Approved

CPAacademy.org (Sponsor Id#: HURS9) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Protaxconsulting
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 websites 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 has 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 techniques in terms of competence, always with an eye towards service and timeliness.