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Sec. 1.1474-4 Tax paid only once.

(a) Tax paid. If the tax required to be withheld under chapter 4 on a payment is paid by the payee, beneficial owner, or the withholding agent, it shall not be re-collected from any other, regardless of the original liability therefor. However, this section does not relieve a person that was required to, but did not, withhold tax from liability for interest or any penalties or additions to tax otherwise applicable.

(b) Effective/applicability date. This section applies January 28, 2013.

[Added by T.D. 9610, 78 FR 5873-5995, Jan. 28, 2013.]

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