When athletes and entertainers travel to the United States for purposes of generating income, whether for a multi-city musical tour, a one-off show, or an international sporting event, the Internal Revenue Service mandates that 30% of the gross receipts received by any individual be withheld and paid into the IRS for taxes. On top of this, many states also require tax withholdings further reducing the amount an athlete or entertainer would take home. When accounting for expenses including travel costs, management and agency commissions, and other expenses directly related to touring, show production, and sporting events, many times these tax withholding will lead to cash flow issues.

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To ensure that as much cash stays in your pocket, Muñoz Financial Group works directly with the IRS and other state taxing authorities to substantially reduce these tax withholdings. MFG has compiled hundreds of CWA’s and other state agency agreements and has developed the relationships necessary to guarantee a smooth process to alleviate you from the woes of running out of cash when you need it the most.

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There is a forty-five-day deadline to be eligible for a CWA so contact us today for more information.