The U.S. Payer’s Guide to Cross-Border Withholding and Reporting
International Tax Journal
In this article, Don Rocen, Garrett Fenton and George Clarke discuss enforcement of the tax withholding and reporting obligations imposed upon U.S. entities with respect to outbound payments, which has unquestionably become one of the hottest topics at the IRS. Many of the individuals who are responsible for ensuring compliance with this regime, however, are either unfamiliar with the applicable rules, or unaware of the significant risks of noncompliance. Accordingly, a discussion of the obligations imposed under the cross-border withholding and reporting rules, the recently increased IRS enforcement activity in this area, and “best practices” to help ensure compliance, is particularly timely.
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