International Tax Issues for Athletes and Entertainers 2024

Friday, December 13, 2024
Webcast or Webinar, Online
1:00 PM - 3:00 PM (opens at 12:30PM) EST
2Credits

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/3126427
Level: Overview
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

Sports and entertainment industries continue to grow, and the taxing authorities want their share of the pie. Understand the rules that apply to US athletes and entertainers working abroad. Likewise, foreign athletes and entertainers performing in the United States face a host of issues in both the Internal Revenue Code and tax treaties. Be prepared to advise these clients with tax minimization strategies.

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 taxation for US 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

Major Topics:

• Determine the residency of an international athlete or entertainer • Identify methods to avoid double taxation for US 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 who work with athletes and entertainers that have international income or holdings.

Prerequisites:

None