International Tax Issues for Athletes and Entertainers 2024

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