Preparing Form 1040NR: U.S. Nonresident Alien Income Tax Return
Authored by Carolyn Turnbull
About this Course
Topics covered in this course include: "Resident alien" versus "nonresident alien" and why the distinction is important;
The role and application of relevant tax treaties; IRS forms and publications related to non-U.S. citizens living in the United States; 1040NR versus 1040NR-EZ; The purpose and structure of Form 1040NR; Filing due dates;
Determining filing status; Dual-status taxpayers; The treatment of spouses and dependents; Important elections; Income subject to tax; Treatment of Effectively Connected Income (ECI) and Fixed, Determinable, Annual, Periodical (FDAP) Income; The deductions available and limitations; Penalties for failing to file; Common problem areas and mistakes to avoid.
Basic knowledge of U.S. international taxation principles