IRS Publication 519 - U.S. Tax Guide For Aliens

AAA

DEFINITION of 'IRS Publication 519 - U.S. Tax Guide For Aliens'

A document published by the Internal Revenue Service (IRS) that details the tax procedures for aliens - individuals that are not citizens of the United States. Not all aliens are subject to U.S. taxes. Resident aliens, those who have been in the country for a defined period of time, are subject to taxation on their worldwide income just as citizens are. Non-resident aliens are only taxed on income earned within the United States, as well as on certain types of international income.

INVESTOPEDIA EXPLAINS 'IRS Publication 519 - U.S. Tax Guide For Aliens'

The most important aspect of IRS Publication 519 is its definition of a taxpayer's status as either a non-resident alien or a resident alien using the Substantial Presence Test, as the applicable tax rules are based on that status. Tax payers may also be considered as dual-resident aliens, and should also determine the tax status of any spouse.

RELATED TERMS
  1. IRS Publication 334: Tax Guide ...

    A document published by the Internal Revenue Service (IRS) that ...
  2. IRS Publication 513

    A document published by the Internal Revenue Service that details ...
  3. 183-Day Rule

    The 183-day rule is part of the "substantial presence test" used ...
  4. Dual-Status Taxpayer

    A taxpayer that has met the criteria to be both a resident and ...
  5. Alien

    Any person who is not a citizen of the country in which he or ...
  6. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
Related Articles
  1. Tax Rules For Resident And Nonresident ...
    Taxes

    Tax Rules For Resident And Nonresident ...

  2. Segregated Funds: Investment Protection ...
    Options & Futures

    Segregated Funds: Investment Protection ...

  3. As a temporary resident of the US, can ...
    Options & Futures

    As a temporary resident of the US, can ...

  4. I am a non-U.S. citizen living outside ...
    Investing

    I am a non-U.S. citizen living outside ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center