Internal Revenue Service to audit several colleges that it suspects have not adequately withheld taxes from foreigners who are not permanent U.S. residents. Number of colleges that it suspects; Motivation behind the campaign; Reaction of the college officials to the plan.Arnone...
Slavery, peonage, or compulsory labor for debts; all of which are prohibited by the 13th Amendment." If the government takes a portion of your labor by withholding money you rightfully earned to provide for you and your family, isn't that a form of slavery and a violation of the 13th ...
companies that import technology, services or funds from abroad for compliance with withholding tax obligations. In addition, withholding tax liability, interest and possibility penalties will be charged to companies who will fail to produce documentation that is evidence of an exemption from withholding...
Reports on the decision of the U.S. Internal Revenue Service to extend the due date for filing 2001 Forms 1042-S, a form for reporting amounts paid to nonresident aliens that are subject to withholding, from March 15, 2002 to May 15, 2002....
The IRS expects to submit a proposed regulation using third-party databases to check the annual withholding tax return income of foreigners. According to Todd Larsen, IRS team manager, IRS tends to increase its focus since payments to vendor have been problematic....
The federal income tax liability of a transferor for the transfer of business is noted. In addition, the article assesses the impact of the rule on the attractiveness of the U.S. as an investment location for foreigners.FullerJimForst