Untangling the Complexities of the Form 1040NR

Webinar: ID# 1014478
Recorded CD
About This Course:
This live webinar will provide advisors with an understanding of the intricate issues involved in preparing Form 1040NR, including taxpayer classification, determining who should file, how to report income and claim refunds, identifying available deductions and limitations, treatment of spouse and dependents, and the impact of Tax Treaties.

Advisors attending will have an understanding of the distinction between a US resident and non-resident status, how to take advantage of certain elections to reduce US tax, claiming refunds, and how to avoid mistakes that could delay processing of the tax return.

By attending, you will anticipate and be better prepared to deal with the variety of compliance and planning issues that arise with Form 1040NR. You will learn about income items and deductions that should always be considered when preparing Form 1040NR, the difference between income effectively connected with a U.S. trade or business (ECI) and fixed, determinable, annual or periodic income (FDAP), and how this income is reported and taxed on the Form 1040NR.


Tax Residency Status and Its Importance
  • Days of Presence for Substantial Presence Test
  • Exempt Individuals
  • Closer Connection
  • Dual Residency and Coordination With Tax Treaties
  • Residency Starting and Ending Dates
  • Special Elections and Planning
Who Must File Form 1040NR and Who Is Excepted
  • Foreign Nationals
  • Foreign Entities
Filing Deadlines and ExtensionsStructure of the Form 1040NR
  • Tax Year
  • ITIN
  • Filing Status
  • Exemptions
  • ECI and FDAP Income
  • Sourcing of Income
  • Itemized Deductions
  • Tax Liability Computation and NII
  • Available Credits
Other Forms That May Be Required to Be Filed

Impact of Tax TreatiesFACULTY

Brent S. Lipschultz, CPA, JD, LLM, PFS, TEP
  • Partner in the New York office of EisnerAmper LLP
  • Practice emphasizes all aspects of international tax for the private client and business enterprise
  • Conducts regular seminars and workshops on international private client planning and compliance matters; member of the AICPA Foreign National Resource Panel
  • L.L.M. degree in taxation, New York University School of Law; J.D. degree, Chicago Kent College of Law; B.S. degree, Indiana University
  • Member of AICPA, Illinois Bar Association, Florida and Chicago Bar Associations, United States Supreme Court Bar, Society of Trust and Estate Practitioners (STEP), Illinois CPA Society
Untangling the Complexities of the Form 1040NR
Available on CD format
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