Understanding Taxation of Foreign Individuals and Compliance on Form 1040-NR
Author: Robert J. Misey
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Foreign individuals must pay tax on their U.S.-source income. Although some of their tax compliance is the result of withholding, if the foreign person has effectively connected income, they will have to file and pay tax on a Form 1040-NR. Taught by former IRS Chief Counsel (International) Robert Misey, this course will teach attendees the rules for taxing foreign persons. The course includes preparation of a sample Form 1040-NR.
Publication Date: July 2025
Designed For
Tax accountants and tax attorneys
Topics Covered
- Residency
- Sourcing
- Fixed, determinable, annual, or periodic income
- Effectively connected income
- Form 1040-NR
Learning Objectives
- Describe a nonresident alien from a resident alien
- Determine the source of income earned
- Identify fixed, determinable, annual, or periodic income subject to withholding
- Determine effectively connected income to a U.S. trade or business
- Explain how to prepare a Form 1040-NR
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
