W-8 & 1042-S Non-resident Alien Regulatory Reporting Update - 2025
Author: Miles Hutchinson
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates 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
Join us to obtain the best tools available to identify your Nonresident Alien payees (NRAs) and bring your company into compliance with the 30% backup withholding requirements on dollar one. In just two hours, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your NRAs are properly handled according to IRS and tax treaty regulations. You will learn how to obtain the treaties and confirm exemption claims made by your NRAs with the IRS.
Publication Date: December 2025
Designed For
All types of entities including For Profit, Not for Profit, Government (Federal and State) – everyone who hires an independent contractor has reporting obligations
Topics Covered
- How to determine whether Nonresident Aliens are working for you
- Learn how to determine which W-8 to provide to the NRA
- Learn how to access tax treaties and learn how to use it to confirm a claim of exemption from or reduced rate of backup withholding
- Discover how to make your backup withholding deposits timely and keep the IRS from confusing them with your payroll tax withholding deposits
- Study the 1042-S and related forms for filing and reporting backup withholding on the Annual Withholding Tax Return
- Discover the best practices for managing NRA information reporting and backup withholding
Learning Objectives
- Recognize how to ensure compliance with IRS information reporting and backup withholding requirements for NRAs
- Recognize how to manage nonresident alien payee tax issues efficiently
- Recognize how to develop an effective plan to improve your company's regulatory compliance
- Identify how to determine whether Nonresident Aliens are working for you
- Identify the withholding rate percent beginning with the first payment with respect to Form 1042-S reporting
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of W-8 & 1042-S
Advance Preparation
None
