IRS Focus on Foreign Athletes and Entertainers
The Internal Revenue Service (IRS) has an Issue Management Team focused on improving U.S. income reporting and tax payment compliance by foreign athletes and entertainers who work in the United States.
It is important to ensure proper tax reporting and payment by these individuals and those associated with arranging their appearances in the U.S. and managing their financial affairs.
The IRS is using a three pronged approach for this initiative:
- improving the availability of information and guidance needed to help this group comply with income reporting and tax payment requirements,
- providing IRS enforcement personnel with information they need to identify and work compliance issues frequently encountered with this population, and
- conducting direct compliance and enforcement activity.
For more information please refer to Taxation of Foreign Athletes and Entertainers.