Course Content: Section A - for academic and nonprofit institutions
Nonresident alien tax compliance training is always in season for colleges and
universities, the institutions that have been targeted for the longest time by IRS NRA audits.
and, the IRS is also focusing now on nonprofit organizations with a new wave of Form
1042-S audits. Let us help you keep in compliance and up to date with the demanding and
frequently changing tax and immigration rules.
I. Tax concepts and definitions relating to nonresident aliens and income taxation
allows time for you to ask your specific questions about the situations you face day in and
day out. Followup support is included; email the questions that come up after you return to
the office.
Nonresident alien tax compliance training is always in season for colleges and
universities, the institutions that have been targeted for the longest time by IRS NRA audits.
and, the IRS is also focusing now on nonprofit organizations with a new wave of Form
1042-S audits. Let us help you keep in compliance and up to date with the demanding and
frequently changing tax and immigration rules.
I. Tax concepts and definitions relating to nonresident aliens and income taxation
- Taxation of nonresident aliens versus taxation of U.S. citizens and U.S. resident
aliens - Source of the income: Look to the type of payment, then to its rule for sourcing
- U.S. resident aliens: Green Card; perminent residency
- U.S. resident aliens: Substantial Presence Test; residency may change from year to
year - Substantial Presence Test exemptions; F, J, M or Q visa; pro athletes for charity
events
- Immigration status of alien individuals; Forms I-555, I-94; I-766; border crossing
card - Indirect evidence of status: TIN, ITIN, SSA card, annotated SSA card
- Visa: The travel document for entry into the U.S.; understanding the visa categories
- Categories of employment authorization of aliens; what constitutes employment?
- Employment authorization documents
- Honoraria rules: Visitors who may receive honoraria; what to do about others
- Employment eligibility verification; Form I-9
- F-1, M-1 and J-1 students; J-1 nonstudents; independent contractors; artists;
athletes; others
- Acceptance Agents: Registering and renewing as an Acceptance Agent for
documentation under the new IRS rules - ITINs and Form W-7: Working with the current IRS ITIN application process
- Form W-8BEN: To document foreign status; furnish TIN; claim tax treaty benefits
- Form 8233: To claim treaty benefits on payments for services
- Form W-4 requirements for a nonresident alien
- The other Forms W-8 you may encounter: W-8ECI, W-8EXP, W-8IMY
- "Reason to Know": Rules that require you to doubt the documentation given to you,
and what you must do when this happens
- What tax treaties do and how they come into force
- What taxes are covered by treaties between the U.S. and foreign countries
- Who can have treaty benefits; how benefits are lost; how they are preserved
- Treaty benefits for students; maximum amounts; treaty benefit periods
- Treaty benefits and limitations for professors, teachers, researchers
- Treaty benefits for independent contractors, royalties, prizes and awards
- Income sourcing rules: Is it U.S. income subject to U.S. tax withholding and
reporting? - FDAPI income; Effectively Connected Income; scholarships and fellowships; wages
- Exceptions and exemptions; purchased goods; FICA limited exemption;
adjustments - Students; dependents; foreign visitors; artists; entertainers; athletes; visiting faculty
- Other types of payments: Royalties; rights of use; independent contractor fees
- Form 1042-S boxes and codes; deadlines; electronic filing; avoiding processing
errors - Form 1042 reconciliation form; deadlines; filing
- Penalties for failures in the nonresident alien tax area
- IRS audit history in higher education and nonprofit organizations; how to be
prepared
allows time for you to ask your specific questions about the situations you face day in and
day out. Followup support is included; email the questions that come up after you return to
the office.
COKALA offers you
practical training in
tax compliance
practical training in
tax compliance
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Nonresident Alien Payments - New 2-day training class
2008 locations and dates:
May 6-7 in Washington DC
July 22-23 in Chicago IL
September 16-17 in Boston MA
October 7-8 in Orange County CA
Learning Objectives:
2008 locations and dates:
May 6-7 in Washington DC
July 22-23 in Chicago IL
September 16-17 in Boston MA
October 7-8 in Orange County CA
Learning Objectives:
- Distinguish between payments to U.S. persons (reportable to the Internal Revenue
Service on Forms 1099) and payments to non-U.S. persons (reportable to the Internal
Revenue Service on Forms 1042-S and 1042) - Recognize the elements required under federal tax regulations for validity of Forms W-
9, W-8BEN, W-8ECI, W-8EXP, W-8IMY, and 8233 furnished as documentation of a
payee's identity and status for tax purposes - Recognize elements that require you to doubt the documentation furnished by a
payee on Form W-9, Forms W-8, or Form 8233 - Identify payments required to be reported on IRS Form 1042-S
- Recognize the work eligibility status of foreign persons and whether federal
regulations permit those persons to receive payment for work in the U.S. - Identify the correct amount of U.S. tax required to be withheld from payments to non-U.
S. persons and entities - Prepare IRS Forms 1042-S and 1042, including reconciliation of the deposits of tax
liabilities accrued throughout the calendar year
Locations Faculty for this course
Register
By phone: call 734.396.9041. By mail: print registration form and fax to 734.428.0702, or
mail to COKALA Tax Information Reporting Solutions LLC, PO Box 2224, Ann Arbor MI
48106.
Fee
$880 course fee includes 2 days of training, course materials, followup support, and
breakfast and lunch on both training days
$792 earlybird fee is a 10% discount, requires payment 30 days prior to class
This is a 2-day program, presented in a group-live format. Program level is Basic; there
is no prerequisite requirement for this class, and no advance preparation required.
Faculty presentations begin at 8:15 a.m. and end at 4:00 p.m. each day.
CPE CREDITS: 15
COKALA Tax Information Reporting Solutions, LLC, 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
addressed to the National Registry of CPE Sponsors, 150 Fourth
Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site:
www.nasbatools.com.
Register
By phone: call 734.396.9041. By mail: print registration form and fax to 734.428.0702, or
mail to COKALA Tax Information Reporting Solutions LLC, PO Box 2224, Ann Arbor MI
48106.
Fee
$880 course fee includes 2 days of training, course materials, followup support, and
breakfast and lunch on both training days
$792 earlybird fee is a 10% discount, requires payment 30 days prior to class
This is a 2-day program, presented in a group-live format. Program level is Basic; there
is no prerequisite requirement for this class, and no advance preparation required.
Faculty presentations begin at 8:15 a.m. and end at 4:00 p.m. each day.
CPE CREDITS: 15
COKALA Tax Information Reporting Solutions, LLC, 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
addressed to the National Registry of CPE Sponsors, 150 Fourth
Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site:
www.nasbatools.com.
