Athletes and Entertainers – U.S. International Tax Issues (Completed)

Date: Wednesday, October 18, 2017
Instructor: Robert J. Misey, Benjamin B. Genzer
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Related for OTRPs

Tax Planning and Compliance Issues for Athletes and Entertainers Who Cross International Borders
The sports and entertainment industries continue to grow and the taxing authorities want their share of the pie. With the huge contracts they are receiving and the public nature of their compensation, these high-profile clients are easily found and their work frequently takes them across international borders. Tax practitioners need to understand the rules that apply to U.S. athletes and entertainers working abroad, as well as foreign athletes and entertainers working in the United States.
Presented by former IRS attorney and noted international tax advisor and athlete and entertainer representative, author and presenter, Robert Misey, J.D., LL.M., MBA, along with Benjamin Genzer, JD., this practical two-hour online CPE seminar will examine the international tax concepts and issues necessary to advise both foreign and U.S. athletes and entertainers.
Along with advising his athlete and entertainer clients, Misey also previously worked with the IRS's Market Segment Specialization Program for Athletes and Entertainers. He will provide a helpful review of the filing obligations and tax considerations for foreign and domestic clients with activities that cross U.S. borders.
All professionals in public practice and in industry involved with athlete and entertainer tax planning and compliance matters will benefit from this helpful seminar. Course materials will include a comprehensive and detailed outline prepared by Mr. Misey, author of the treatise, "blank">U.S. Taxation of International Transactions published by Wolters Kluwer. Time will be provided for you to ask questions to our speakers during the program.

Who Should Attend
Business tax and finance executives, directors, managers and staff; CPAs; Enrolled Agents; tax preparers and staff; accountants, attorneys and other financial advisors who work with and advise clients with cross-border activities and tax issues.

Topics Covered

  • Determining the residency of an international athlete or entertainer
  • Methods to avoid double tax for U.S. athletes and entertainers operating abroad
  • When a foreign athlete or entertainer is subject to tax in the United States
  • 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

Learning Objectives

  • Know how to complete Forms 1116 and 2555 for U.S. athletes and entertainers operating abroad
  • Prepare and negotiate a Central Withholding Agreement for a foreign athlete or entertainer in the United States and complete a Form 1042 package
  • Know how to provide tax-advantaged planning to international athletes and entertainers


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of U.S. federal income taxation concepts.

Advance Preparation

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