How to File a Nonresident Form 1040-NR for 2023 Taxes

Form 1040-NR is filed by nonresident taxpayers who are engaged in a U.S. trade or business or receive income from a U.S. source (FDAP income) where there was insufficient withholding taxes.

This video covers a scenario where a nonresident taxpayer owns a single-member disregarded LLC in Florida. The Florida LLC operates a vending machine business in Sarasota Florida. The activities of the LLC constitute a U.S. trade or business and generate gross effectively connected income.

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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

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