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Mobility Matters Express video series

Get out in front of disruptive forces by staying up to date on the issues and developments from around the world that impact global mobility programs and their assignees.

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U.S. Social Security Totalization Agreement Approval Process

November 7, 2023

Bob Rothery, a Director in KPMG’s Washington National Tax practice and the U.S. head of KPMG’s International Social Security Services, explains the approval process for the recently-signed Social Security Totalization Agreement between the United States and Romania, which was signed on March 23, 2023 (see GMS Flash Alert 2023-068 for details). Watch this episode of Mobility Matters Express.

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IRS to Prioritize U.S. Residency Certification Process

October 20, 2023

In this episode, Washington National Tax’s John Seery discusses a recent IRS announcement regarding the U.S. residency certification process. Watch now.

Previous Mobility Matters Express videos

The Posted Workers Directive for U.S. Employers

April 26, 2023 | Many U.S. employers are unaware of the Posted Workers Directive (PWD) in the European Union and are often caught off guard when faced with penalties for noncompliance.  The PWD is often misunderstood as only applying to European employers, but the PWD applies to all employers with posted workers in the EU.  Given that each EU member state has its own system for registration under the PWD and sets its own sanctions and financial fines for non-compliance with the registration obligation, U.S. employers sending employees to an EU member state should be aware of the member state’s compliance requirements under the PWD to avoid penalties for noncompliance.

For additional information on the PWD, please see GMS Flash Alert 2021-080 (March 11, 2021).

Watch now >

Supreme Court to review application of non-willful FBAR penalty

December 20, 2022 | With the Supreme Court of the United States set to rule on whether the penalty imposed on taxpayers for the non-willful failure to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (commonly referred to as the “FBAR”), is assessed on a per-form or per-account basis, Washington National Tax’s Yoori Sohn provides an overview of the case, its implications for international taxpayers, and the options available to taxpayers who are not compliant with their FBAR obligations.

Watch now >

Foreign Tax Credit regulations

July 28, 2023 | In this episode, Washington National Tax’s Martha Klasing discusses a provision contained in the recently finalized foreign tax credit regulations that addresses when a taxpayer may claim foreign tax credits under the accrual basis on an amended return.

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Cryptocurrency considerations

July 21, 2022 | In this episode, Washington National Tax’s Martha Klasing provides an overview of the Internal Revenue Service’s current position on cryptocurrency and addresses some of the tax issues employers may want to contemplate when incorporating cryptocurrency into their rewards and benefits programs.

Watch now >

Investing in passive foreign investment companies

June 7, 2022 | Many inbound assignees to the United States do not realize their investment portfolio may contain “passive foreign investment companies” (PFICs) that are subject to special, punitive tax rules in the United States. In this episode, Washington National Tax’s Martha Klasing highlights the PFIC tax regime and stresses the importance of pre-arrival tax counseling sessions to ensure assignees can plan around these rules.

Watch now >    View transcript >

Participating in a non-U.S. pension

June 2, 2022 | In this episode, Washington National Tax’s Martha Klasing discusses the potential U.S. tax consequences for assignees in the United States participating in or taking distributions from their home country pension arrangement.

Watch now >    View transcript >

Financing and selling a non-U.S. residence

May 24, 2022 | Inbound assignees to the United States are often surprised by the U.S. tax consequences of selling their residence in their home country.  In this episode, Washington National Tax’s Martha Klasing highlights a potential tax trap for inbound assignees selling their homes: foreign currency exchange gain.

Watch now >    View transcript >

Becoming a U.S. tax resident: What does it mean?

May 17, 2022 | In this episode, Washington National Tax’s Martha Klasing provides an overview of the U.S. federal income tax consequences of establishing U.S. tax residency.

Watch now >    View transcript >

IRS guidance on withholding taxes paid by employer

April 26, 2022 | In this episode, Washington National Tax’s Martha Klasing provides an overview of the IRS’s Chief Counsel Advice Memorandum regarding tax-equalized assignees and the related income taxes paid by the employer as part of the tax equalization program.

Watch now >    View transcript >

Foreign exchange gain/loss proposals in the Biden 2023 budget

April 8, 2022 | In this episode, Washington National Tax’s Martha Klasing provides an overview of the proposals contained in the Biden Administration’s FY 2023 budget that are designed to simplify the foreign currency exchange gain and loss rules for individuals.

Watch now >    View transcript >

Tax proposals in the Biden 2023 budget

April 1, 2022 | In this episode, Washington National Tax’s Martha Klasing provides an overview of some of the income tax proposals contained in the Biden Administration’s FY 2023 budget that would impact individual taxpayers and the cost of international assignments if enacted. For additional information and analysis on the Biden Administration’s tax agenda, please see KPMG’s dedicated TaxNewsFlash page.

Watch now >    View transcript >

Foreign housing cost limitations

March 23, 2022 | In this episode, Washington National Tax’s Martha Klasing shares her observations with respect to IRS Notice 2022-10, which provides for adjustments to the limitation on housing expenses for purposes of section 911 of the Internal Revenue Code for the 2022 tax year. For additional details, please see GMS Flash Alert 2022-047.

Watch now >    View transcript >

Meet our team

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Martha Klasing
Partner, Washington National Tax, Global Mobility Services, KPMG US

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