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Tax-exempt organizations often make payments to nonresident aliens that include payment for services, scholarships/fellowships, “stipends” and expense reimbursements, sometimes without even realizing it. Handling these payments properly is imperative for the organization and the recipient as well. This session will discuss the potential tax withholding and reporting treatment on some of these common payments along with alerting participants to other potential ramifications. The presenters will take a practical approach on how to identify a potential issue and circumvent traps for the unwary.
Learning Objectives:
- Understand common terminology used in connection with payments to nonresident aliens
- Identify what common relationships constitute a payment to (or on behalf of) a nonresident alien
- Understand the withholding and reporting requirements on payments to nonresident aliens
- Be familiar with sourcing rules on common payments made by US tax-exempt organizations to nonresident aliens
