International Tax Issues for Athletes and Entertainers 2024
2.00 Credits
Member Price $89
Non-Member Price $119
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.
Highlights
- 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
Prerequisites
None
Designed For
CPAs and financial professionals who work with athletes and entertainers that have international income or holdings.
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
Preparation
None
Leader(s):
Leader Bios
Robert Misey Jr., CalCPA Education Foundation
Robert Misey is a shareholder with Reinhart Boerner Van Deuren s.c. He practices in the areas of international taxation and tax controversies. His previous experience includes nine years as an international trial attorney for the IRS in San Jose and in Washington, DC where he tried 21 Tax Court cases and served on the industry programs for both the athletics and entertainment industries and the manufacturing industries. He also led the international tax group for a region of a Big Four accounting firm. Misey received his bachelor’s degree from the University of Kentucky, his juris doctor and master of business degrees from Vanderbilt University, and his master of laws in taxation from Georgetown University. He is a co-author to the treatises U.S. Taxation of International Transactions and Federal Taxation: Practice and Procedure, and a member of the bar in California, Kentucky and the District of Columbia.
Non-Member Price $119
Member Price $89