Dont you love just Payers who think theyre Payors... § 1.1441-1 Requirement for the deduction and withholding of tax on payments to foreign persons. (19) Payor. The term payor is defined in §31.3406(a)–2 of this chapter and §1.6049–4(a)(2) and generally includes a withholding agent, 26CFR1.1441-7, Withholding Agent, means any person, U.S. or foreign, that has the control, receipt, custody, disposal, or payment of an item of income of a FOREIGN PERSON subject to withholding, § 31.3406(a)-2 Definition of payors obligated to backup withhold. (a) In general. Payor means the person that is required to make an information return under section 6041, 6041A(a), 6042, 6044, 6045, 6049, 6050A, 6050N, or 6050W with respect to any reportable payment (as described in section 3406(b)), or that is described in paragraph (b) of this section. ALL FOR NONRESIDENT ALIEN INDIVIDUALS.
Posted on: Fri, 07 Mar 2014 02:56:43 +0000
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