Statutes, codes, and regulations
Code of Federal Regulations
Title 26 - INTERNAL REVENUEChapter I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURYSubchapter C - EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCEPart 31 - EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
Subpart E - COLLECTION OF INCOME TAX AT SOURCE
Section 31.3406(a)-3 - Scope and extent of accounts subject to backup withholding

26 C.F.R. § 31.3406(a)-3

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Current through September 30, 2024
Section 31.3406(a)-3 - Scope and extent of accounts subject to backup withholding

A payor who is required to withhold under § 31.3406(a)-1 must withhold-

(a) On the accounts subject to withholding under § 31.3406(a)-1 (b)(1)(i) or (b)(2)(ii) ; and
(b) On the accounts subject to withholding under § 31.3406(a)-1(b)(1)(ii) or (b)(2)(i) , as described under § 31.3406(d)-5 (relating to notification of incorrect TIN) or § 31.3406(c)-1 (relating to notified payee underreporting), respectively.

26 C.F.R. §31.3406(a)-3

T.D. 8637, 60 FR 66114, Dec. 21, 1995