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International Tax for Athletes, Entertainers, and Their Advisers

INTERNATIONAL TAX FOR ATHLETES, ENTERTAINERS, AND THEIR ADVISERS

Cost Free
Presentation Length 1.5 hours

Recorded DateSeptember 16, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Multinational entertainers, including athletes and performance artists, are regularly presented opportunities to perform outside their country of residence. By default, non-residents performing services and earning income in the United States are subject to American tax; foreign jurisdictions usually impose similar rules. Performance artists benefit from generalized tax treaty relief for independent personal services and unique treaty articles specific to entertainers and athletes. Join us to explore how the United States taxes multinational performers and learn how to best advise them on tax reduction options.

Learning Objectives: 


  • Determine how the U.S. imposes taxes on multinational performers and athletes

  • Determine how Americans performing abroad are taxed

  • Determine how non-residents performing in the U.S. are taxed

  • Recall how best to advise multinational performers on tax-reduction options

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Patrick McCormick is an attorney with over a dozen years of experience, focusing his practice specifically on international taxation. Mr. McCormick represents both business and individual clients on all aspects of United States international tax rules, both from an income tax and estate/gift tax perspective. Having previously served as a partner at a large law firm, a midsized accounting firm, and a boutique tax law firm, Patrick’s client exposures have covered every conceivable area of American-side international tax matters. Patrick has also represented every type of taxpayer – from multibillion-dollar business enterprises and ultra-high net worth individuals to startups and individuals with complex questions but limited budgets.


Mr. McCormick has worked with clients located in over 90 countries on American tax considerations of multinational activities, cultivating specialized knowledge in every area of United States international tax rules. His explicit practice focus has facilitated an unparalleled expertise in the field; Patrick is trusted by clients and advisors around the world to obtain optimal results on international tax matters.


Mr. McCormick is a primary and prolific authority on tax matters. He has spoken on all aspects of international tax to hundreds of thousands of attendees around the globe, functioning as the primary international tax resource for national organizations including CPAacademy.org, Strafford, Lawline, and Leimberg Information Services. Patrick has presented for the American Bar Association, the American Immigration Law Association, and state and local bar associations around the United States. He is a regular contributor to America’s premier tax law publications, including Tax Notes, Journal of Taxation, Tax Notes International, Law360, and Practical Tax Lawyer.


Mr. McCormick published his first treatise on international tax matters, Allocation and Apportionment Rules Under Secs. 861-865, for Thomson Reuters’ Catalyst platform, in October 2021. In late 2021, he also released a 15-hour digital course entirely dedicated to nonresident taxation, United States Tax Considerations for Nonresident Taxpayers. Mr. McCormick has been named a Super Lawyers Rising Star from 2016-2022.


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