<p>IRS Issues Practice Unit on Adjustments for Overwithholding</p>

IRS Issues Practice Unit on Adjustments for Overwithholding

Internal Revenue Service

The IRS released an international practice unit on how a withholding agent can make limited adjustments or claim a credit for some overpayments of tax on income withheld from nonresident aliens and foreign corporations and how to report the overwithholding and correction on Forms 1042-S and 1042.

<p>The IRS released an international practice unit on how a withholding agent can make limited adjustments or claim a credit for some overpayments of tax on income withheld from nonresident aliens and foreign corporations and how to report the overwithholding and correction on Forms 1042-S and 1042.</p>