This class will focus on Form 1040-NR. (The “NR” is your clue.) Use this form if your taxpayer is a non-resident. Learn how to determine residency for federal tax purposes and how to report the income of NRAs. Topics will include available elections and tax credits, administrative issues, departure filing requirements, and other tools for the practitioner who wants to keep pace with a shrinking world economy and serve the needs of an international clientele.
Upon completion of this course, you will be able to:
- Determine residency under the green card and substantial presence tests.
- Recognize and correctly report effectively connected income.
- Determine a nonresident alien’s US filing requirements.
- Make appropriate entries on Form 1040-NR.
- Address issues specific to the NRA, including community property reporting, estate and gift tax rules, and state non-conformity.
This Course Counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
About Monica Haven:
Monica Haven is an Enrolled Agent, an Accredited Tax Advisor®, and Accredited Tax Preparer®. She is a graduate fellow of the National Tax Practice Institute®, a nationally recognized academic program designed to develop and hone the skills necessary for effective taxpayer representation.
She has a Bachelor of Science degree in Small Business Management with an emphasis on New Ventures, as well as a Doctor of Jurisprudence (J.D.) and a Master of Laws in Taxation (LL.M.) from Loyola Law School in Los Angeles.
She is a nationally recognized speaker and a sought-after guest lecturer on college campuses and at community organizations. She loves to teach and welcomes every opportunity to share her experience and expertise in the classroom, even as she maintains her Southern California tax practice which serves clients throughout the world.