tax withholding – Foreign Tax Status Information Group (FTSIG)

Foreign Person Reporting and Withholding Summary

By ftsig-admin | August 9, 2024

1. INTRODUCTION The table below summarizes foreign person withholding and reporting under 26 C.F.R. §1.1441-1. For the purposes of 26 C.F.R. §1.1441-1, “individual” is defined as: 26 C.F.R. § 1.6041-4 – Foreign-related items and other exceptions. (3) Individual— (i) Alien individual. The term alien individual means an individual who is not a citizen or a national of the United States.…

Lawfully Avoiding Foreign Person Withholding

By ftsig-admin | July 28, 2024 |

TABLE OF CONTENTS: 1. Introduction Privileged “U.S. persons” are not subject to withholding or reporting under 26 U.S.C. §1441, but “foreign persons” can be. This is a trick to get you to “elect” the DOMESTIC “U.S. person” status under 26 U.S.C. §7701(a)(30) and to scare you away from being “foreign” but not a “person” status…