Withholding Tax on Payments of U.S. Source Income to Foreign Persons

Foreign persons are generally only subject to U.S. tax on their U.S. source income. Generally, it is the responsibility of the payor (the person paying) to withhold U.S. tax from payments of U.S. source income to the foreign persons and pay it to the IRS.

In this webinar we explain what types of income are subject to withholding, the amounts that need to be withheld, how tax treaties can affect the amount to be withheld, how withholding is reported to the recipient, how withholding is paid and reported to the IRS, who is responsible for the tax, as well as the penalties for noncompliance.

Видео Withholding Tax on Payments of U.S. Source Income to Foreign Persons канала Esquire Group