NOT2422. International Digest: An Overview of Foreign Reporting, Global Employment Matters, and Disclosures for Exempt Organizations

Navigating the intricate world of foreign reporting, global mobility, and disclosures can be a daunting task for exempt organizations. In this session, we will guide participants through the many considerations when employees undertake overseas assignments, both temporary and permanent, and the formulation of appropriate policies for travel and employment matters. We will also provide a roadmap for managing these issues domestically. We will delve into the intricacies of foreign reporting aspects that are reported on Schedule K-1/K-2/K-3 and help participants understand what is relevant for the Form 990 or Form 990-PF and other applicable filings such as Forms 5471, 926, and 8865. We will also shed light on withholding issues and an array of other foreign-related matters from a US perspective. This session aims to serve as an International Digest, providing a broad and thorough overview of exempt organizations' diverse global challenges.

Learning Objectives:

• Recognize the key considerations when employees have international assignments, both temporary and permanent.
• Recall the proper policies for travel and employment issues in an international context.
• Indicate the intricacies of foreign reporting aspects on Schedule K-1/K-2/K-3 for purposes of filing the Form 990.
• Identify various international considerations, such as withholding, foreign grantee oversight, and other US reporting obligations.