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Taxation of Nonresident Aliens

Course Description

In this course participants will learn the taxation rules in respect of nonresident aliens.  Discussions include how to determine if an individual is a nonresident alien, which income is taxable to the individual, how income is taxed to nonresidents, which deductions are allowed to be claimed by nonresidents, when and how to file a Form 1040NR and more.   

Lesson Objectives

At the end of this lesson, Taxation of Nonresident Aliens, participants will be able to answer the following questions:

  • Is your client a U.S. resident or non-resident alien?
  • Does your client pass the substantial presence test?
  • Is your client able to use the closer connection or treaty exemptions available to be considered non-resident?
  • Does your client have U.S. sourced income?
  • Is the income taxed as “effectively connected income” (ECI) or “fixed determinable, annual, or periodical income” (FADPI)?
  • Is your client subject to withholding taxes?
  • Is your client required to file an income tax return?
  • Which deductions are available to your client?
  • Where and when is your client required to file Form 1040NR?
  • Is your client subject to estate or gift tax on U.S. situated assets?

Course Guidelines

  • The self-study format allows you to access the material online 24/7 and study at your own pace
  • All Self-Study courses are to be completed, and the final exam submitted, within 1 year from the date of purchase as shown on your invoice. No extensions will be allowed.
  • To obtain CE credit, the participant must obtain a passing score of at least 70%.  Test takers will not be provided feedback on incorrect answers
  • Complete your final exam at any time and get graded instantly. You can retake the exam up to three times at no additional charge.
  • Upon passing the exam, you will be able to print your own certificate of completion.

Disclaimer

This course material deals with complex matters and may not apply to particular facts and circumstances.  As well, the material contained reflects laws and practices which are subject to change.  For these reasons, the course material should not be relied upon as a substitute for specialized professional advice