Description:

This book is for preparing 2023 taxes. Generally, a U.S. tax return must be filed when nonresident aliens have U.S.-source income. U.S. filing requirements for nonresident aliens can be complex; therefore, it’s critical the tax professionals working with these taxpayers understand how to complete and file Form 1040-NR, U.S. Nonresident Alien Income Tax Return, the form nonresident aliens use to file their returns. This course will help tax professionals determine if Form 1040-NR is required. Additionally, the course material explains the differences between a resident alien and a nonresident alien. It also discusses effectively connected income, not effectively connected income, treaty exempt income and other income reporting. A comprehensive example of Form 1040-NR with the associated schedules and tips for preparing is also included.

Topics include:

• Analyzing whether your client needs to file Form 1040-NR
• Differentiating between a resident alien and a nonresident alien
• Identifying the source of income
• Preparing Form 1040-NR, including Schedules A, NEC and OI

Product Details:

Item Number: 23359

Level: Basic

Authors: NATP Staff

Published: 2023

Format: Print - 61 Pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2023 course.