US Earnings Tax Returns for Visa Holders: 1040 vs 1040NR Guide for Embassy Staff

Worldwide features make revenue tax preparation advanced and complicated. Selecting Type 1040NR or Type 1040, different U.S. varieties to file, and finishing them could be puzzling for: Individuals within the U.S. on visas; Non-U.S. residents or residents with U.S. supply revenue. U.S. residents or residents who work for embassies or worldwide organizations, or, dwell and work outdoors the U.S. 2018 tax modifications (Tax Cuts and Jobs Act of 2017) are famous. Well timed subjects embody foreigners reporting the sale of U.S. actual property, 1040 filers reporting items from those that aren’t residents or residents, and PATH Act, FATCA, and Inexpensive Care Act (ACA) provisions. This sensible handbook could be put to rapid use by people and tax professionals making ready 2017 and earlier Varieties 1040NR, Type 8843, Type 1040 and Varieties 2555 and 1116. EZ Guides and checklists (treaties, exemptions) assist make clear vital selections. The step-by-step recommendation and clear explanations make for efficient elections, statements, and protecting returns.