A cure for complex nonresident alien tax compliance
Top hospitals and healthcare organizations turn to ONESOURCE Nonresident Alien Taxation software to manage IRS nonresident alien taxation rules. How will this product save you time?
Ease the process of nonresident alien tax compliance
If your healthcare organization, integrated health network or medical research institution makes payments to foreign national doctors, researchers, medical students or visiting lecturers, you understand how complex the process can be.
Specific reporting and withholding rules apply. Payments to nonresident aliens require a 1042-S form instead of a W-2 or 1099. Treaties that the U.S. has with more than 60 countries may reduce or eliminate federal tax withholding, or may require additional paperwork on behalf of the healthcare institution. With each doctor, researcher or student, there’s opportunity for mistakes—and those mistakes can be costly.
ONESOURCE Nonresident Alien Taxation software and services for the healthcare industry can help you:
- Make sense of treaties.
- Apply the appropriate withholdings.
- Handle 1042/1042-S processing.
- Simplify how you comply with IRS NRA guidelines.
Healthcare institutions including Massachusetts General, Mount Sinai, Baylor Health Care Systems and St. Jude Children’s Hospital use our International Tax Navigator module to manage payments to foreign vendors.
ONESOURCE Nonresident Alien Taxation also includes our Foreign National Tax Resource product, which helps foreign nationals complete Form 1040NR or 1040NR-EZ tax returns. Plus, we offer a robust library on U.S. tax issues affecting foreign nationals.
Features and benefits
Save time and increase the accuracy of your NRA tax compliance. Try ONESOURCE Nonresident Alien Taxation today.
International Tax Navigator:
- Determines U.S. residency
- Analyzes international tax treaties
- Determines proper withholding rates and exemptions
- Processes forms 1042/1042-S
- Collects data online with the Foreign National Information System
- Interfaces with major ERP systems
- Provides expert hands-on training and support
Foreign National Tax Resource:
- Provides a one-stop resource for foreign national tax information and return preparation
- Completes Forms 1040NR/1040NR-EZ online
- Includes an extensive tax library
How income tax treaties reduce U.S. income taxes and the administrative rules that employers, payers and taxpayers must follow to claim treaty benefits:
Tax Treaty Benefits for Workers, Trainees, Students and Researchers
Don’t miss the opportunities—and pitfalls—that these special tax laws present:
U.S. Taxation of J-1 Exchange Visitors
Take the guesswork out of a complex process with this proven, cost-effective solution:
International Tax Navigator
Learn why our Foreign National Tax Resource is the total solution for you and your foreign national students, researchers and employees:
Foreign National Tax Resource
What you need to know about compensating foreign nationals:
Ten Rules of Paying Foreign Nationals
Tax expert Paula Singer, Esq., shares important considerations about the federal withholding and reporting rules surrounding compensation for foreign nationals:
NRA Withholding and Reporting on Payments to Foreign Nationals
Understanding and correctly applying all the rules and procedures for making wage payments to foreign employees is more important now than ever before:
Organizations with Foreign Employees Face Compliance Challenges