Shareholder Margaret Amsden was invited to participate in a panel discussion about tax reform with Steve Hood, host of Detroit Wants 2 Know on Fox 2. Margaret leads Clayton & McKervey’s tax department and has published a series of articles and presentations regarding tax reform.
Tax & Assurance Guidance
Foreign Tax Withholding: What You Need to Know
Posted on April 26, 2022 by

Making service payments to a foreign person is a common cross-border transaction. U.S. taxpayers need to be aware of the applicability of withholding tax and related reporting requirements to ensure they comply and avoid unintended consequences. A U.S. payor must collect withholding tax and remit it to the IRS in the case it is applicable.