IRS Focus on Foreign Athletes and Entertainers |
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IRS has launched 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. The initial focus is on those engaged in tennis, golf and music. These individuals and those associated with arranging their appearances in the U.S. and managing their financial affairs are typically high income individuals. Because of this, it is important to ensure proper tax reporting and payment.
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.
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Page Last Reviewed or Updated: November 05, 2008