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4/7/2024

POST -1 WHAT IS THE 1040 NR?


What is the 1040 NR ? : This is a non-resident 1040 that is filed in the US only to report incomes arising in the US and not having to report income derived in India or any other country for that matter. Keep in mind US imposes taxes on worldwide income even on deemed residents who are visiting the US and happen to spend more than 183 days therefore it is important to know when you need to file a regular 1040 (resident return) vs a 1040 NR (non-resident return). Talk to us if you find yourself in any of the above, OR email us at: ea@venturapranas.com