Author : | Steven D Mercatante, Tax Attorney, Author |
Course Length : | Pages: 42 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
CPE Credits : | 4.0 |
IRS Credits : | 4 |
Price : | $35.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents |
Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 1576 |
Description : | Recent changes in the law have made IRS Form 1042/1042-S filing requirements ever more complex. The cost to your organization can be significant if it's not ready. This course is a time saving tool that will help CPA’s, tax, and accounts payable professionals get ready to file Forms 1042/1042-S. In this course, industry expert and corporate tax attorney Steven D. Mercatante Esq. takes a look some of the more common problems related to documenting, validating, and reporting payee information using the IRS Forms 1042/1042-S while offering solutions and best-practices for addressing related reporting issues. |
Usage Rank : | 0 |
Release : | 2020 |
Version : | 1.0 |
Prerequisites : | None. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Discussion of Form 1042, Form 1042-S and Form 1042-T
|
Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 15-Sep-2020 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 1576 |
Keywords : | Taxes, IRS, Forms, 1042, 1042-S, Reporting, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives
|
Course Contents : | Chapter 1 - IRS Forms 1042 and 1042-S Reporting Introduction 1042/1042-S Overview The W-9 FATCA Overview FATCA Status Checkboxes When Validating Forms W-8 Know Your Definitions Red Flags for Non-US Payees U.S. or Non-U.S. Determining Payee Tax Status – Green cards and visas Colleges and Universities Need to Be Careful Determining Payee Tax Status – The SPT Reporting Exceptions for the Non-Resident Alien In Higher Education Dual-Resident Payees resident of a U.S. Possession Documenting Non-Resident Alien Payee Tax Status The W-8BEN-E The W-8BEN The Form 8233 The Form W-8ECI The Form W-8IMY Form W-8EXP Validity Periods for Forms W-8 Record Retention 1042-S Reportable Income Sourcing Rules Treaties Filing Forms 1042 and 1042-S Recent Changes to Form 1042-S Information Returns Know your codes Glossary |