<p>IRS Issues Practice Unit on Withholding Agent’s Records</p>

IRS Issues Practice Unit on Withholding Agent’s Records

Internal Revenue Service

The IRS released an international practice unit that outlines the steps that will help an examiner obtain electronic data to determine the reliability of information provided in foreign account holders’ forms W-8, “Certificate of Foreign Status,” which is reviewed to confirm the foreign status of the account holder and the withholding tax implications of the payment amounts reported.

<p>The IRS released an international practice unit that outlines the steps that will help an examiner obtain electronic data to determine the reliability of information provided in foreign account holders’ forms W-8, “Certificate of Foreign Status,” which is reviewed to confirm the foreign status of the account holder and the withholding tax implications of the payment amounts reported.</p>