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Tax Issues for Nonresident Aliens Workers: Forms 1040NR (Completed)

2 CPE Credits $50.00/credit hour Thursday, January 28, 2021 · 9:00am PT / 12:00pm ET
4.9 (9 ratings)
Avoid Tax Pitfalls When Working with Nonresident Alien Clients 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. Join experienced practitioner and 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.

Who Should Attend
Tax and accounting professionals who work with expatriates and their employers on income taxation issues and return preparation.

Topics Covered

  • Defining a foreign investor
  • Source-of-income rules
  • Who files Form 1040NR
  • Non-resident alien standard
  • Dual-resident taxpayers
  • Dual-status taxpayers
  • Issues in completing Form 1040NR

Learning Objectives

  • Identify income tax reporting and planning issues relating to nonresident aliens with U.S.-source income
  • Recognize how to properly prepare Form 1040-NR

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation
None

Instructor

Marc J Strohl

Marc Strohl is a founding Principal at Protax Consulting Services Inc., established in 2001. He was 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 called Journal of International Taxation and Practical Tax Strategies.

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 various CPE vendors 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.
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