Non-Resident Withholding
The IRS determined that an employer funding an international assignee’s federal income tax obligations under a tax equalization policy may not seek a refund of excess withholding on that employee’s compensation.
The IRS announced that it will amend the regulations under Secs. 1446(a) and 1446(f) to defer the applicability date of certain provisions by one year to Jan. 1, 2023.
This item provides an overview of potential penalties and presents an argument as to why the
Sec. 6656 failure-to-deposit penalty may not apply in some instances.
This article addresses certain aspects of the withholding rules of the final Sec. 1446(f) regulations, options to eliminate or reduce Sec. 1446(f) withholding, and some outstanding issues.
This article discusses some details of the Foreign Investment in Real Property Tax Act of 1980.