Jan 21, 2011

Planning for Mobile Executives and Business Owners Relocating to the U.S.

On January 21, 2011, Michael Karlin, appeared on a panel alongside Gary Lusk of KPMG and IRS Senior Technical Reviewer Grace Fleeman for the American Bar Association (ABA) Section of Taxation Committee on U.S. Activities of Foreigners and Tax Treaties. The panel, “Planning for Mobile Executives and Business Owners Relocating to the U.S.,” dives into the various issues impacting the executive/business owner and their respective company when relocating to the United States.

Companies should consider potential tax issues on a state and federal level including the determination of engaged in trade or business (ETB) status, and the corresponding potential need to withhold income and social security taxes and accept liability for employer payroll taxes. Individuals must consider their residency status especially as it pertains to tax reporting. Michael provides these nuanced considerations and determinations while explaining how businesses and individuals can remain compliant with their reporting.

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