International Tax Issues for Athletes and Entertainers

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Overview

2.0 Credits
ONLINE

Sports and entertainment industries continue to grow and the taxing authorities want their share of the pie. Understand the rules that apply to U.S. athletes and entertainers working abroad.

With the huge contracts high-profile clients are receiving and the public nature of their compensation, they are easily found and their work frequently takes them across international borders. Be prepared to work with these clients, as well as foreign athletes and entertainers working in the United States.

Objectives

  • Determine how to provide tax-advantaged planning to international athletes and entertainers.
  • Identify how to prepare and negotiate a Central Withholding Agreement for a foreign athlete or entertainer in the United States.

Major Topics

  • Determine the residency of an international athlete or entertainer
  • Identify methods to avoid double tax for U.S. athletes and entertainers operating abroad
  • Know when a foreign athlete or entertainer is subject to tax in the United States
  • Determine how the IRS taxes compensation of foreign athletes and entertainers via withholding taxes
  • Central Withholding Agreements to reduce withholding taxes
  • How treaties can impact the taxation of international athletes and entertainers

Designed For

CPAs and financial professionals.

Prerequisite

None.

Advanced Preparation

None.