Live Webinar

60-minute live streaming program
  • November 15
  • 1:00 - 2:00 pm EST

Also available as:

OnDemand Course

Untangling the Complexities of the Form 1040-NR

November 15

Guide your international clients who work and live both inside and outside of the United States.

The benefit of this topic is to bring you up to date on all of the changes and nuances of the impact of international tax issues when dealing with the taxing authorities of two or more countries. It will help you guide your international clients who work and live both inside and outside of the United States. You will be able to address their real-life issues relating to taxation in the U.S., such as how immigration status affects filing requirements, taxability of worldwide income, U.S. versus foreign country taxing requirements and how the form 1040NR can help, but also limit, tax savings for your clients.

Learning Objectives

  • You will be able to define resident and nonresident alien.
  • You will be able to explain what the substantial presence test is.
  • You will be able to discuss how to meet the requirements of the green card test.
  • You will be able to recognize how bilateral tax treaties can supersede U.S. tax Code and regulations.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction
  • Complexities of the Modern World
    • Differing Tax Jurisdictions and Regulations
  • Ease of Travel
  • Working in Other Countries
Is the Form 1040-NR Right for You?
  • Who Is Eligible to Use Form 1040-NR?
    • Individuals
    • Foreign Owned LLCs
Special Rules for Dual Resident Taxpayers
  • What Is a Dual Resident?
  • Specified Foreign Financial Assets
Definition of Alien
  • Why Is the Definition Important?
  • Resident Alien – Who Qualifies?
  • Nonresident Alien – Who Qualifies?
Why Does Residency Matter?
  • What Are the Tests of Residency?
    • Green Card
    • Substantial Presence Test
  • Arguments Against Residency
    • Closer Connections
    • Individual's Intent
How Are Income Tax Treaties Utilized?
  • When Are They Relevant?
  • What Takes Precedence?
    • Treaties
    • IRS Code and Regs
What Income Is Taxed on Form 1040-NR?
What Deductions Are Allowed on Form 1040-NR
  • Differences Between Form 1040 and Form 1040-NR
Pitfalls to Be on the Lookout For
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 19, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 1.0
     
  • This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 1.0
     
  • This program qualifies for 1.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CPE 1.2 including Taxes 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, presidents, vice presidents, controllers, business owners and managers, finance executives, brokers, tax managers, enrolled agents, bookkeepers, and tax preparers.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Janathan L. Allen

Janathan L. Allen

Allen Barron, Inc.

  • Partner in the office of Allen Barron, Inc. & Janathan L. Allen, APC – Attorney
  • Practice emphasizes all aspects of domestic and international tax law, business and commercial law, transactional planning, corporate and securities law, intellectual property law, and trusts and estates law
  • Conducts regular seminars and workshops on Tax-Advantaged Corporate Structures and Tax Minimization, Trusts -The Ultimate Guide, Estate Planning & Administration for Family Businesses, Business Entity Choices, and moderator for the San Diego Business Summit
  • Author of several publications related to the areas of complex international tax (The American/Expats in UK Magazine) bi-monthly contributor; white papers including IRS Audit, The Life Cycle of Business, IRS Offshore Reporting (FBAR & FACTA), California’s Prop 65, The Value of Integrated Legal, Tax, Accounting and Business Advisory Services
  • Membership information: Board of Directors, North San Diego Business Chamber; California Bar Association; American Bar Association; San Diego County Bar Association
  • L.L.M. degree in taxation, University of San Diego School of Law, San Diego; J.D. degree, Southwestern University School of Law, Los Angeles; ; M.B.A. degree in International Finance, University of San Diego; Bachelor of Science, Accounting, University of Montana
  • Can be contacted at [email protected] or 866-631-3470
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 409350
Published 2019, 2021
Purchase Options

Register today before this event fills.