Event Description

In an increasingly online world where geography is less important, some companies are looking outside of the United States for talent. However, foreign contractors have many unique tax attributes – and their filing requirements can differ depending on if they are classified as a resident or nonresident alien. In this course, we will discuss basic tax requirements related to foreign contractors. Using discussion and examples, we will identify situations to watch out for and when certain forms may be required. We will also discuss what to do in the case of worker misclassification.

Objectives

-Recognize the difference between Resident Aliens and Non-Resident Aliens. -State situations that would require the filing of a W-8BEN or Form 1042. -Recall when back-up withholding may be required for certain taxpayers. -Identify qualifications for the IRS Voluntary Classification Settlement Program (VCSP).