§ 31.3406(b)(3)–3 Reportable payments by certain fishing boat operators. (3) Security sales made through a margin account. (2) Forward contracts, including foreign currency contracts, and regulated futures contracts. (a) Transactions subject to backup withholding. § 31.3406(b)(3)–2 Reportable barter exchanges and gross proceeds of sales of securities or commodities by brokers. (3) Payments aggregating $600 or more for the calendar year. (a) Section 60A(a) payments subject to backup withholding. § 31.3406(b)(3)–1 Reportable payments of rents, commissions, nonemployee compensation, etc. (2) Notified payee underreporting or payee certification failure. (1) Failure to provide taxpayer identification number or notification of incorrect taxpayer identification number. (a) Patronage dividends subject to backup withholding. § 31.3406(b)(2)–5 Reportable patronage dividend payment. (2) Reasonable estimate of amount of dividend subject to backup withholding. (c) Amount subject to backup withholding. (b) Dividends not subject to backup withholding. (a) Dividends subject to backup withholding. (c) Manner of furnishing taxpayer identification number in the case of a window transaction. (3) Transferred registered long-term obligations with payments prior to maturity. (2) Registered long-term obligations with cash payments prior to maturity. (d) Amount subject to backup withholding and time when backup withholding is imposed with respect to long-term obligations. (2) Subsequent holder unable (or not permitted) to establish purchase price. (1) Subsequent holder may establish purchase price. (b) Amount subject to backup withholding and time when backup withholding is imposed with respect to short-term obligations. (a) Original issue discount subject to backup withholding. (2) Special rule to adjust for premature withdrawal penalty. (b) Amount subject to backup withholding. (2) Special rule for tax-exempt interest. (a) Interest subject to backup withholding. (3) Special rule for certain grantor trusts. (2) Special rule for interest accrued on bonds. (b) Amounts reportable under section 6045. § 31.3406(a)–4 Time when payments are considered to be paid and subject to backup withholding. § 31.3406(a)–3 Scope and extent of accounts subject to backup withholding. § 31.3406(a)–2 Definition of payors obligated to backup withhold. (2) Conditions applicable only to reportable interest or dividend payments. (1) Conditions applicable to all reportable payments. (b) Conditions that invoke the backup withholding requirement. § 31.3406(a)–1 Backup withholding requirement on reportable payments.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |