<p>IRS Issues Practice Unit on Audits of U.S. Withholding Agents</p>

IRS Issues Practice Unit on Audits of U.S. Withholding Agents

Internal Revenue Service

The IRS released an international practice unit that describes the use of statistical sampling in the audit of a U.S. withholding agent and related projection procedures, noting that statistical sampling techniques are especially useful for audits of large entities with numerous Form 1042-S transactions or payments of fixed, determinable, annual, or periodic income subject to withholding.

<p>The IRS released an international practice unit that describes the use of statistical sampling in the audit of a U.S. withholding agent and related projection procedures, noting that statistical sampling techniques are especially useful for audits of large entities with numerous Form 1042-S transactions or payments of fixed, determinable, annual, or periodic income subject to withholding.</p>