Part 2 of our post-election insights series focuses on President Joe Biden’s proposed tax laws and the potential impacts they could have on personal taxes, finance and estate planning. Clayton & McKervey Shareholders Margaret Amsden and Tim Hilligoss lead this live video discussion.
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.