A withholding agent usually must withhold
at the time of payment [Treasury Regulations section 1441.
Managed FFS has incentives similar to those of FFS, but with modest checks and balances in the form of a withhold
Several aspects of the EPA executive privilege case point to the conclusion that the quest to withhold
the documents had to start in some such self-serving desire.
The withholding agent and the foreign payee are primarily liable for any failure to withhold
tax due on amounts paid to a foreign payee.
1445-2(d)(3) (ii) and (iii) to withhold
the alternative amount or application for and receipt of a withholding certificate, the transferee must withhold
10% of the amount realized from the transaction pursuant to Sec.
A withholding agent is a person who is required to deduct and withhold
taxes under the provisions of Secs.
trade or business, (14) or payments of portfolio interest paid to foreign persons, unless the person required to withhold
knows or has reason to know that the interest is not portfolio interest.
Form W-2, which must be furnished to any employee who received more than $600 in wages, even though domestic employers may not have to pay and withhold
FICA tax for wages less than $1,000.
Therefore, Nortem intends to withhold
from the final liquidating distribution at the general Dutch tax withholding rate (25% of the Dutch "dividend" amount) with respect to all shareholders; after the liquidating distribution, a shareholder eligible for treaty benefits will be entitled to file for a refund of amounts withheld in excess of the applicable treaty rates with the Dutch tax authorities in The Netherlands.
person that makes FDAP payments to NRAs is required to withhold
the proper tax and remit it to the IRS.
Where the service provider demonstrates that the required 15-percent withholding tax will exceed its ultimate Canadian tax liability, CCRA may authorize a reduction in the amount that the Canadian payer is required to withhold
Employers (who can be individuals or businesses) must withhold
two types of federal payroll taxes from employees' wages: federal income taxes and Federal Insurance Contributions Act (FICA) taxes.