🌍⚽️ Calling all foreign participants in the 2026 FIFA World Cup! Are you ready to score big on the field AND in your tax game? 🏆💰
As you gear up for the excitement, don’t forget about your U.S. tax obligations! Whether you're an athlete, coach, or media pro, understanding the tax rules can help you avoid unexpected penalties. Here’s your quick playbook:
1️⃣ Know Your Status: Are you an employee or an independent contractor? This affects how your income is taxed!
2️⃣ Tax Treaties: Check if your country has a tax treaty with the U.S. to potentially reduce your tax rate.
3️⃣ Filing Requirements: Even if taxes are withheld, you might still need to file a U.S. tax return. Don’t miss out on potential refunds!
4️⃣ State Taxes: Each state has its own rules, so be sure to review them for where you’ll be performing.
Planning ahead is key! For more details, check out our full guide on navigating U.S. taxes during the World Cup. Let’s make this tournament a win-win!
👉 ow.ly/Etsp50ZblaP
#FIFAWorldCup2026 #TaxTips #TaxpayerAdvocate #YourVoiceAtIRS
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Did you know that some summer activities can affect your taxes? Check out the latest #IRS tax tip where we explain how things like day camps, getting married, having a seasonal job and even traveling for business can affect your tax filing.
Get the latest information at ow.ly/zhNI50Z7Lwm.
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Tax Tips: Important steps for future business owners Part 1
Choose a business structure
Each business structure has different tax filing requirements and legal considerations. Knowing the difference between them can help determine which option is best.
The most common are:
Sole proprietorship: An unincorporated business owned by an individual. There's no distinction between the taxpayer and their business.
Partnership: An unincorporated business with ownership shared between two or more people.
Corporation: Also known as a C corporation. It's a separate entity owned by shareholders.
S corporation: A corporation that elects to pass corporate income, losses, deductions and credits through to the shareholders.
Limited liability company: A business structure allowed by state statute.
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