Nonresident Income and Deductions
Introduction
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Lesson Objectives
At the end of this lesson, you will be able to:
Be aware of some tax law changes that affect Foreign Student and Scholars
Determine the source of a student's or scholar's income
Determine whether a student and scholar should file Form 1040-NR
Identify different types of income and determine if they are a taxable
Identify the applicable itemized deductions that can be included on Form 1040-NR
Accurately complete Form 1040-NR
Estimated time to complete: 30 minutes
Main Menu
Introduction
Welcome!
Lesson Objectives
Who Must File?
Introduction
Topic Overview
Taxation of Nonresidents
Source of Income
Peer-to-Peer Economy
Effectively Connected Income
Wages, Salaries, and Tips
Exercises
Exercises
Taxation of Nonresidents
Interest Income
Dividend Income
Scholarships and Fellowships
Exercises
Exercises
Taxation of Nonresidents
Gambling Income
Capital Gain or Loss
Itemized Deductions
Preparing Form 1040-NR
Exercises
Exercises
Taxation of Nonresidents
Preparing Form 1040-NR
Summary
Topic Summary
Taxation of Nonresidents
Topic Activity
Exercises
Summary
Conclusion
Conclusion
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References
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