Preparing Form 1040-NR for Nonresident Aliens Self-Study

Summary

Nonresident aliens with U.S.-source income may have U.S. income tax filing requirements. Practitioners must unravel the complexities of 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 by explaining the differences between a resident alien and a nonresident alien. The types of U.S.-source income are covered including effectively connected income, not effectively connected income, treaty-exempt income and other income. A comprehensive example of Form 1040-NR with the associated schedules and tips for preparing is also included.

Objectives

Upon completion of this course, you will be able to:

• Differentiate between a resident alien and a nonresident alien
• Analyze whether your clients need to file Form 1040-NR
• Identify sources of reportable U.S. income
• Prepare Form 1040-NR, including Schedule A (Form 1040-NR), Itemized Deductions, Schedule NEC (Form 1040-NR), Tax on Income Not Effectively Connected With a U.S. Trade or Business, and OI (Form 1040-NR), Other Information

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.