U.S. Tax Essentials for Nonresidents: Residency, Reporting & Planning for Global Individuals

This session covers the fundamental tests for determining U.S. tax residency, including the Substantial Presence Test and Green Card Test. Participants will learn about residency start dates, first year elections, IRC 6013(g) and 6013(h) elections, the closer connection exception, and the newly proposed Trump Gold Card non-dom regime.

This session examines visa categories that receive special tax treatment, including A1/A2 diplomats, G1/G4 international organization employees, and F/J/M students and scholars. Participants will understand how days are counted for tax purposes and the importance of filing Form 8843 annually.

This session distinguishes between Form 1040 and Form 1040NR filing requirements and due date differences. Attendees will learn proper form selection including W-9 versus W-8BEN and how Form 1099 versus Form 1042-S impacts tax reporting with financial institutions.

This session explores how tax treaties affect non-resident taxation and when treaty benefits apply. Participants will learn about the treaty tie-breaker provision, Form 8833 filing requirements, and important considerations including potential exit tax implications for long-term green card holders.

This session covers U.S. source income rules for earned income including wages, consulting income, and rental income with the critical net election. Participants will learn about FIRPTA withholding on real property sales, Forms 8288/8288-A/8288-B, and Form 5472 requirements for foreign-owned LLCs.

This session examines passive income taxation for non-residents including interest, dividends, and capital gains from personal property. Attendees will learn about the 30% flat withholding rate, portfolio interest exemptions, and IRC 871(a)(2) rules affecting tax-exempt visa holders present 183 or more days.

A short intermission allowing participants to refresh before continuing with the remaining technical sessions. Use this time to review notes and prepare questions for the upcoming segments.

This session covers available itemized deductions on Schedule A including SALT and charitable contributions, plus the special U.S.-India treaty standard deduction provision. Participants will learn about energy credits under IRC 25C and 25D, noting their termination after December 31, 2025.

This session addresses ECI versus NECI determinations for foreign partners and proper reporting on Schedules K-1 and K-3. Attendees will understand IRC 1446 withholding requirements and the associated Forms 8804, 8805, and 8813 for quarterly and annual compliance.

This session covers domicile rules distinguishing non-domiciliaries from residents, with only a $60,000 exemption versus the $15 million unified credit. Participants will learn about Forms 709-NA and 706-NA, plus planning strategies using foreign blocker corporations and Form 1120-F considerations.

This session highlights how non-residents for federal purposes may still be state tax residents, particularly affecting A, G, and J visa holders. Attendees will learn about state conformity types and common add-back requirements that impact non-resident alien tax situations.

This session prepares advisors for transitioning clients from non-resident to resident status and the resulting worldwide income taxation obligations. Participants will understand FBAR and FATCA reporting requirements, international form penalties, and critical Schedule B compliance considerations.