International Implications of Social Security for Workers in the U.S.
Determining Eligibility, Withholding and Filing Requirements, Totalization Agreements and Exemptions
Recording of a 110-minute CPE webinar with Q&A
This course 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.
- 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
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
Vice President, Executive Compensation and International Compensation & Benefits
Ms. Finch has over 20 years of experience in global mobility and international tax matters. She leads Marriott... | Read More
Ms. Finch has over 20 years of experience in global mobility and international tax matters. She leads Marriott International, Inc.’s International Compensation and Benefits team managing compensation, health & welfare, international retirement plans, tax compliance, and global mobility on an international scale. Previously, she spent many years at KPMG advising companies on international tax matters, international social security planning, and served as the US firm’s resource on international social security issues. In her new role at Marriott, she governs Marriott’s global policies, programs and guidelines that frame international assignee policies and benefits. She also serves as Chair of Marriott’s Global Retirement Benefits Committee.
C. Edward (Ed) Kennedy, Jr., CPA, JD
C Edward Kennedy Jr
Mr. Kennedy has more than 41 years of experience dealing with a variety of international tax matters, specializing in... | Read More
Mr. Kennedy has more than 41 years of experience dealing with a variety of international tax matters, specializing in tax consulting services to a wide variety of clients ranging from closely held companies to multi-national businesses. His expertise includes domestic and foreign income and social security tax planning, tax compliance for individuals and corporations, tax treatment of incentive compensation plans, international assignment program administration, and international assignment policy design. Mr. Kennedy has also served as the U.S. practice leader for international social security matters for a Big 4 accounting firm. He is a frequent speaker in the areas of international tax compliance and reporting obligations U.S. information reporting requirements for foreign assets and foreign entities, U.S. tax implications of foreign pension and social security plans, and U.S. income and social tax treaty planning. Mr. Kennedy is a member of the Texas Bar and is licensed as a certified accountant in Georgia and Texas. He has a B.A. from Furman University and a J.D. from Vanderbilt University School of Law.Close