Part 1 of our post-election insights series features a discussion on what the next few years may hold with President Joe Biden in office. We unpack the proposed tax legislation and share how it could potentially impact your business. Watch the video to learn more.
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.