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Course/Product Description
Title:

International Implications of Social Security For Workers In The U.S.: Determining Eligibility, Withholding And Filing Requirements, Totalization Agreements And Exemptions

SKU:WC-1026555
Date / Time: Recorded
Format: Webinar
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Description:

This webinar will provide employee benefit advisers with a thorough and practical guide to the complex area of social security coverage and withholding for inbound employees of U.S. companies. The panel will outline the statutory rules for how these individuals qualify for coverage, discuss the impact of totalization agreements on benefits coverage and withholding requirements, and detail documentation requirements for employers with impacted workers.

Determining social security benefits coverage in the case of a U.S. taxpayer working for a U.S. company is relatively straightforward. For individuals performing services in the U.S., citizenship or residency is generally immaterial if they earn wages arising from “covered employment.” Outside the U.S. both the employment relationship and the citizenship or residency of the employee will impact benefits coverage.

Individuals who work in multiple jurisdictions during their career may risk losing social security benefits. Most countries, including the U.S., have minimum periods of coverage requirements in order to receive benefits. Individuals working in multiple jurisdictions may not meet these requirements, and risk paying withholding tax for benefits they will never receive.

The U.S. and other countries have taken steps to address this problem by entering into “totalization agreements,” treaty-force agreements that eliminate double social security contributions and allow affected wage earners to “totalize” their social tax retirement benefits by crediting periods of coverage in one country in determining eligibility for benefits in another. Tax advisers must understand the relevant treaty rules and documentation requirements to assist their clients in claiming totalization agreement benefits.

Also critical are the Medicare rules as they relate to non-citizens working in the U.S. Unlike SSA benefits, Medicare draws a major distinction between citizen and non-citizen beneficiaries. U.S. totalization agreements do not address Medicare, so employee benefits professionals as well as tax advisers must be able to explain the complex rules relating to Medicare coverage.

Listen as our experienced panel provides employee benefits professionals and tax advisers with practical guidance on social security coverage, contributions and benefits issues faced by international employees working in the U.S.

Outline

  • General Social Security Concepts
  • Statutory Liability for U.S. Social Security Contributions
  • Totalization Agreements
  • Old Age Benefits
    • Calculation of benefit in general
    • Calculation of totalized benefit
    • International Considerations
      • Payments outside the U.S.
      • Withholding on payments outside the U.S.
      • Windfall Elimination Provisions
  • Medicare Benefits
    • General requirements for coverage
    • Special requirements for non-citizens
Benefits

The panel will discuss these and other important topics:
  • What constitutes “wages” and “employment” for purposes of Social Security withholding on nonresident employees of U.S. employers?
  • What issues are present when a nonresident employee earns deferred compensation from a U.S. employer connected with services provided in the U.S.?
  • What documentation does the taxpayer need to obtain, submit and/or retain to support an exemption claim under totalization?
  • How do the “detached worker” exception and the “five-year” rule operate?
  • Calculating Social Security benefits under a totalization arrangement
How To Access Course And Materials

Handout materials and the phone number for live presentations are made available to you one day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CDs will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.

Continuing Education Credits Available

This program has been approved for 2.0 CPE hours through Strafford Publications. To obtain CPE credit, attendees must participate in the live event (recorded versions do not qualify for credit), return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.

Strafford will mail a certificate of credit within approximately two weeks of receiving your completed Official Record of Attendance, provided all required conditions have been satisfied.

Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting their website.

Strafford webinars and teleconferences offer an excellent opportunity to train your entire staff—with no lost travel time or expenses. They are extremely cost-effective—allowing an unlimited number of people at your location to listen from a single line at no additional charge.

Each live seminar features presentations by a panel of nationally recognized authorities, followed by an interactive Q&A session. Presentation materials can be viewed online or printed out. Audio can be accessed via the web or a telephone.
More Info: Contact Us For More Information
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