Webcast: Tax Issues Impacting US Businesses Hiring Workers and Independent Contractors (XSBUHI117)
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More and more businesses are hiring independent contractors who reside outside the U.S. The key tax-related issues associated with hiring an independent contractor from outside the U.S. is to determine if the worker meets the requirements of independent contractor status. Equally as important is to verify the worker’s country of residence to make sure he or she is not a U.S. resident as tax withholding and year-end reporting requirements are tied to the residence status of the taxpayer versus th

7/21/2017
When: 7/21/2017
9:00 AM until 11:00 AM
Where: Webcast
Surgent
BUHI-2017-01-WEBNR-202-01
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


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Acronym XSBUHI117
CPE 2 hours
Vendor Surgent
Category
Taxation
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Tax advisors with clients using foreign independent contractors and employees
Registration
Member $89
CPA Non-Member $114

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

More and more businesses are hiring independent contractors who reside outside the US. The key tax-related issues associated with hiring an independent contractor from outside the US is to determine if the worker meets the requirements of independent contractor status. Equally as important is to verify the worker’s country of residence to make sure he or she is not a US resident as tax withholding and year-end reporting requirements are tied to the residence status of the taxpayer versus that of the independent contractor.

Objectives

  • Prepare tax practitioners to advise their clients that use foreign contractors regarding the tax issues associated with payments to such individuals
  • Understand U.S. international employment tax rules

Topics

  • Considerations regarding hiring overseas independent contractors
  • Independent contractor status for foreign workers
  • Foreign earned income exclusion
  • Form 673, Statement for Claiming Exemption from Withholding on Foreign Earned Income Eligible for the Exclusion(s) Provided by Section 911
  • Definition of an American employer for employment tax purposes
  • US income and FICA withholding tax for services performed within the U.S. and without the US
  • US income tax withholding for non-resident aliens
  • Forms W-8BEN and 1099
  • Special FICA tax rules under totalization agreements