Source: https://tax.thomsonreuters.com/category/blog/onesource/withholding-management/page/6/
Timestamp: 2016-12-10 12:39:58
Document Index: 252141807

Matched Legal Cases: ['art 7', 'art 6', 'art 4', 'art 3', 'art 2', 'art 12', 'art 11', 'art 10', 'art 9', 'art 8', 'art 7', 'art 6', 'art 5', 'art 4']

Withholding Management Archives - Page 6 of 19 - Thomson Reuters Tax & Accounting
Tax & Accounting Blog/ONESOURCE/Withholding Management Information Reporting on Form 1042-S, A New Challenge for Accounts Payable – Part 7: Nonservice Income Codes
Tax Information Reporting, W-8 & W-9 Foreign Reporting, Withholding Management August 14, 2012
IRS Publication 515, Table 1, Withholding Tax Rates on Income Other Than Personal Service Income Under Chapter 3, Internal Revenue Code, and Income Tax Treaties, assigns Income Codes to the categories of income described in the table for reduced rates of tax by treaty country. Income Codes for some income not included in Table … Read More 0 Comments
Information Reporting on Form 1042-S, A New Challenge for Accounts Payable – Part 6: Income Code
Tax Information Reporting, TIN Compliance, W-8 & W-9 Foreign Reporting, Withholding Management August 9, 2012
As is evident from the assignment of income codes in the two overview tables and the discussions about specific types of income in IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, Income Codes are used primarily to differentiate reduced rates of tax under income tax treaty provisions. This makes sense … Read More 0 Comments
Information Reporting on Form 1042-S, A New Challenge for Accounts Payable – Part 4: Payments to Agents and Intermediaries Recipient Code
ONESOURCE, Tax Information Reporting, W-8 & W-9 Foreign Reporting, Withholding Management August 1, 2012
If income is paid to an agent who acts on behalf of the beneficial owner, the beneficial owner is the recipient, not the agent, unless the agent has an agreement with the IRS to take responsibility for NRA withholding and reporting. When income is received by a partnership (Recipient Code 03) or other intermediary that … Read More 0 Comments
Information Reporting on Form 1042-S, A New Challenge for Accounts Payable – Part 3: Payments to Third Parties Recipient Code
ONESOURCE, Tax Information Reporting, W-8 & W-9 Foreign Reporting, Withholding Management July 30, 2012
Occasionally, the beneficial owner of the income will request that the income that they are owed be paid to a third party. Although the payer may make the payment to the third party as requested, under the assignment of income doctrine, the income must still be reported in the name of the beneficial owner. Under … Read More 0 Comments
Information Reporting on Form 1042-S, A New Challenge for Accounts Payable – Part 2: Payments to Beneficial Owners Recipient Code
1099, ONESOURCE, Tax Information Reporting, W-8 & W-9 Foreign Reporting, Withholding Management July 27, 2012
In order to report income and taxes properly, payers must generally maintain a record in the name of the income recipient even if payment is made to a different payee. Generally, the recipient named on the Form 1042-S is the individual (Code 01) or entity such as a corporation (Code 02) that is the … Read More 0 Comments
NRA Withholding and Reporting on Payments to Foreign Nationals – Part 12: What if the Recipient of the Income Requested that Payment Be Made to a Third Party?
ONESOURCE, Tax Information Reporting, W-8 & W-9 Foreign Reporting, Withholding Management July 23, 2012
If a third party has been designated to receive the payment for services, whether you still have to withhold and report the income as if made to the individual who provided the services depends on the circumstances. If the arrangement for the services was made with the service provider who, after the services were performed, indicated … Read More 0 Comments
New French Law on the Taxation of TrustsNRA Withholding and Reporting on Payments to Foreign Nationals – Part 11: What if the Payment Includes Both U.S. Source and Foreign Source Income?Medicare Surtax on Net Investment Income Goes into Effect on January 1, 2013NRA Withholding and Reporting on Payments to Foreign Nationals – Part 10: Do I Have to Withhold on Payments for Services Performed Abroad?NRA Withholding and Reporting on Payments to Foreign Nationals – Part 9: How Do I Find Out if the Payment Is U.S. Source Income?NRA Withholding and Reporting on Payments to Foreign Nationals – Part 8: Does the Recipient Have to Provide a SSN or ITIN to Be Paid?NRA Withholding and Reporting on Payments to Foreign Nationals – Part 7: What if the Service Provider Wasn’t Authorized under the Immigration Rules to Provide the Services?NRA Withholding and Reporting on Payments to Foreign Nationals – Part 6: What Would Give Me Reason to Know That the Recipient Is a Nonresident Alien?NRA Withholding and Reporting on Payments to Foreign Nationals – Part 5: What if I Have No Information When I Have to Make a Payment?NRA Withholding and Reporting on Payments to Foreign Nationals – Part 4: Do the Same Tax Residency Rules Apply for State Withholding Tax Purposes?