IRS Issues Revised Tax Guide For Aliens

The Internal Revenue Service (IRS) has released revised versions of its Tax Guide for Aliens, providing guidance for resident and nonresident aliens for use in preparing their 2014 tax returns, and of its Tax Guide for Individuals Receiving Income from the United States Possessions – American Samoa, Puerto Rico, the US Virgin Islands, Guam, and the Northern Mariana Islands. The Tax Guide For Aliens provides guidance for resident and nonresident aliens to help them prepare their 2014 tax returns. It points out that, for tax purposes, an alien is any individual who is not a US citizen, but resident aliens are generally taxed on their worldwide income – the same as US citizens – while nonresident aliens are taxed only on their income from sources within the US and on certain income connected with the conduct of a trade or business in the US. Information in the publication is therefore not as comprehensive for resident aliens as it is for nonresident aliens. Read More