Resident & Nonresident Aliens: Taxation & Major Immigration Issues

NASBA Field of Study:	Taxes    2 CPE Credits
Breaks:	50 minutes into the start of the program
Price:	$59.00
Prerequisites:	None
Advance Preparation:	Review "Technical Requirements/Support."
Level:	Basic
IRS Program Nbr:	0MYXB-T-00185-12-O

Course Description

While terms such as resident alien, nonresident alien, dual-status alien, expatriate, special immigrant, and undocumented alien may be confusing, understanding the important distinctions between these designations is important when filing Forms 1040 and 1040NR.  This unique course discusses the preparation of various related tax forms and provides an improved understanding of the concepts of U.S. immigration and its impact on tax compliance.

Topics covered include:

     • Classification of taxpayers for tax purposes – U.S. and foreign
     • Coming to America
           o Immigration 2011 update 
           o Immigrant visas—overview of types
           o Immigration application process
           o Impact of the Dream Act
     • Green card test
     • Substantial presence test
     • Closer connection to foreign country test
     • Form 1040NR
           o Who must file?
           o Election to be taxed as a resident alien
           o How to claim refunds
           o Dual-status aliens
           o How to report income on Form 1040NR
           o Election to treat income as effectively connected with a U.S. trade or business
           o Recent changes in 1040NR filing
     • Withholding and Social Security tax issues

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Explain the filing requirements for Form 1040NR
• Explain tax planning tools to clients currently residing in the United States
• Recognize the difference between a U.S. citizen, resident alien, nonresident alien, and a dual-status alien
• Discuss U.S. immigration law, visas, and other nontax issues affecting the tax liability of noncitizens residing in the United States

Schedule

For registration information, please contact our office at (800) 822-4194.

For Webcast group registrations, click here.