Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Withholding of Taxes on Payments to Foreign Persons and Entities

Don't be caught off guard. Make sure you are compliant with the IRS international withholding standards.In an increasingly global society, many U.S. payors are unknowingly subject to withholding tax obligations for payments to foreign individuals and entities. Understanding the rules for withholding on these payments can reduce your liability to the IRS. Review this information and learn to identify when income is subject withholding, evaluate the proper procedures to withhold and comply with the other proper documentation. Review today to get the information you need to avoid potential IRS penalties.


Runtime: 98 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of U.S. Source FDAP Withholding

  • FDAP Income
  • Basic Withholding Requirements
  • Introduction to Relevant Withholding Forms

Status of Income Recipient

  • Resident vs. Nonresident
  • Individual vs. Entity
  • Beneficial Owner
  • The Role of Tax Treaties
  • Substantial Presence Test
  • Effectively Connected Income

Partnership Withholding and Reporting

  • Partnership Gross ECI
  • Distributive Share of ECI
  • FDAP Income
  • Actual Distributions
  • Introduction to Relevant Withholding Forms

Foreign Investment in Real Property Tax Act - FIRPTA

  • U.S. Real Property Interest/U.S. Real Property Holding Companies
  • Withholding and Reporting Requirements
  • Introduction to Relevant Withholding Forms

Penalties

  • Risks Related to Failure to File
  • Late Filing Penalties
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 7, 2019.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mike Burgess, J.D.

Mike Burgess, J.D.

Crowe LLP

  • Senior manager in the Chicago office of Crowe LLP
  • Practice emphasizes all aspects of international tax
  • J.D. degree, Lewis & Clark Law School
  • Can be contacted at [email protected]
Kinsey Staver

Kinsey Staver

Crowe LLP

  • Currently a senior staff person in the Global Tax Services Group at Crowe LLP and has been with the group three years since graduation
  • Primary focus within the group has been assistance with international reporting and compliance requirements for the group’s U.S. multinational clients
  • Has been involved in assisting with the preparation and completion of Country by Country reporting for various clients as well as helping clients prepare for the various aspects of tax reform and its impacts on international operations
  • Recently completed a four month loan-staffing engagement at Whirlpool Corporation in Benton Harbor, Michigan; during this time, she worked on-site with Whirlpool’s internal tax team to assist with their international compliance
  • B.A. degree, Southern Illinois University – Carbondale; M.A. degree, Western Michigan University
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 406538
Published 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!