Volume Two

Nonresident Alien Tax Compliance: A Practical Approach to Income Tax Treaties, Volume Two

Why look through pages of irrelevant information to find the answers to your questions?

Nonresident Alien Tax Compliance: A Practical Approach to Income Tax Treaties, Volume Two helps you find the answers you need in language that is easy to understand. The 2004 Edition of Volume Two has been COMPLETELY reformatted with loads of new charts, examples, and information. If you're using the 1996 edition, you'll want to order the new version!

Struggling with Tax Treaties?

Nonresident Alien Tax Compliance: A Practical Approach to Income Tax Treaties, Volume Two enables individuals with little or no tax background to make the best decisions about income tax treaty eligibility.

Many institutions continue to struggle with the complexities of the tax withholding and reporting regulations associated with payments made to nonresident aliens. Perhaps the most confusing piece of the tax puzzle is whether an income tax treaty applies. In fact, some institutions have even considered withholding the maximum amount of tax in lieu of facilitating an income tax treaty exemption, just to avoid trying to interpret the language of the tax treaty. Although doing so may be easier from an administrative standpoint, the negative impact to the individual may far out-weigh the administrative cost of an institution learning to "interpret" the tax treaties.

The Answer is Simple

From the Author of Nonresident Alien Tax Compliance: A Guide for Institutions Making Payments to Foreign Students, Scholars, Employees, and Other International Visitors, Volume One comes - Nonresident Alien Tax Compliance: A Practical Approach to Income Tax Treaties, Volume Two. Like the original book, Volume Two is presented in clear, layman's language, with easy-to-understand charts and diagrams. Volume Two is designed to enable individuals with little or no tax background to easily find the right information and make decisions about income tax treaty eligibility without digging through endless pages of legalese.

The Author has successfully transformed the complex issues of income tax treaty exemption into an easy-to-use, logical format for determining answers to the basic questions pertaining to income tax treaties:

Why look through pages and pages of irrelevant information trying to find the answers to your questions? Nonresident Alien Tax Compliance: A Practical Approach to Income Tax Treaties, Volume Two carves out the sections of the tax treaty relevant to not-for-profit institutions that make employee compensation, independent contractor, scholarship/fellowship, and royalty payments to nonresident aliens. The book includes relevant articles from the actual text of the income tax treaty, as well as the corresponding sections of the Treasury Department Technical Explanation. Perhaps the most important component is the Author's Commentary, which provides readers with a "plain-English" summary of the key points set forth in the tax treaty, as well as commentary on their typical applications.

Volume One is found on the desk of virtually every tax, payroll and accounts payable manager at colleges, universities, hospitals, and foundations throughout the U.S. It's even used by the IRS as an internal training manual, as well as a reference tool by many accounting and law firms. Volume Two is sure to become an important part of any not-for-profit institution's tax library as well.

Volume Two includes:

• Actual text from articles relevant to not-for-profit institutions, including independent personal services, dependent personal services, teachers/researchers, students/trainees, and the section of a treaty containing the saving clause
• Corresponding Treasury Department Technical Explanation articles for each tax treaty, paired with the actual text of the treaty in an easy-to-read format
• Correct reference replacements throughout the treaty text, thus making it easier for withholding agents to read and understand the treaty
• A discussion and Author's analysis of the significant components of a tax treaty and its practical application
• The Author's Commentary, which answers a variety of questions most commonly asked by the Author's clients
• A discussion of commonly applied concepts in nonresident alien tax with respect to income tax treaties
• An up-to-date list of countries with which the U.S. maintains an income tax treaty, as well as the status of negotiations and ratifications with other countries
• A review and analysis of how income tax treaties generally operate
• Copies of relevant Internal Revenue Code sections, Treasury Regulations, revenue rulings, and revenue procedures
• Copies of all relevant tax treaty exemption forms and step-by-step instructions for each form's completion

Volume Two Updates

Each year, Volume Two is updated to reflect new income tax treaties or other changes in this area of the law. Unlike Volume One, Volume Two simply has its pages replaced and/or added to reflect changes and/or additions to the text. At the time of original purchase, Volume Two will be shipped with all existing Updates; afterwards, previous purchasers of Volume Two will automatically be contacted to purchase the annual Updates. It is important to remember that keeping the most up-to-date information readily available is critical to maintaining compliance. Annual Updates are generally available each year in early March. The 2008 Volume Two Update was released in February, 2008; for more information or to order this Update, click here.

With the release of the 2004 edition of Volume Two, we will no longer provide Updates for the 1996-2003 editions of Volume Two.

What happens if I do not update my book?

Don't let your Nonresident Alien Tax Compliance: A Practical Approach to Income Tax Treaties - Volume Two sit on your desk and become outdated! Using an out-of-date resource document can be dangerous and lead you to make incorrect decisions - not only because some of the information may no longer be accurate, but the book will not contain the latest additions and modifications to the law. To have a complete and correct version of Volume Two, you must order each year's annual Update (and you must insert the new updated pages, AND discard the old, out-of-date pages! Do not keep the old original pages that have been replaced with new Updates in the book's binder.)

How do I know if my Volume Two has been updated?

The 2008 Volume Two Update was released in February, 2008 and contains pages to insert and/or update to the binder. To see when the last time your Volume Two was updated, simply look at the page footer for the Table of Contents (i.e., pages iii - xxii) and check to see that "2008" appears at the bottom of the page.

How can I stay informed about ordering future Updates to Volume Two?

The easiest way to stay informed is to periodically check our website here at www.arcticintl.com. Many of the purchasers of Volume Two change jobs or never register their book - in some cases, the name of the person who completes the order form to purchase the book is not really the person who will use the book. If you obtained the book from a previous user, please send us an email with your name, address, and email so that you will receive information about updates to Volume Two, as well as other books and workshops offered by Arctic International LLC. If your address, phone, or email changes, please contact us so that we may update our database.

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