Instructor
David Peters
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Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
In an increasingly online world where geography is less important, some companies are looking outside of the United States for talent. However, foreign contractors have many unique tax attributes - and their filing requirements can differ depending on if they are classified as a resident or nonresident alien. In this course, we will discuss basic tax requirements related to foreign contractors. Using discussion and examples, we will identify situations to watch out for and when certain forms may be required. We will also discuss what to do in the case of worker misclassification.
- Recognize the difference between Resident Aliens and Non-Resident Aliens.
- State situations that would require the filing of a W-8BEN or Form 1042.
- Recall when back-up withholding may be required for certain taxpayers.
- Identify qualifications for the IRS Voluntary Classification Settlement Program (VCSP).
- Resident vs. Non-Resident Alien Status
- Resident Alien – Substantial Presence Test
- Consequences of Foreign Worker Misclassification
- Voluntary Classification Settlement Program (VCSP)
- Foreign Employees
- Non-Resident Alien Contractors
- US Contractor Living Outside the United States
- Exceptions to Federal Tax Withholding
- Forms 1042, 1042-S, & 1042-T
- Summing It Up
Tax practitioners, small business owners, and other accountants looking to serve their companies or clients in the areas of payroll services or operations.
