Tax withholding from payment to a S-corp

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  • ChEAr$
    replied
    Originally posted by Lion
    There's a special form for non-W-2 withholding, Form 943 or 944 or something close.
    ... to be used by the one who withheld the tax.

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  • Lion
    replied
    943?

    There's a special form for non-W-2 withholding, Form 943 or 944 or something close.

    Leave a comment:


  • Questionguy101
    replied
    Originally posted by Koss
    Anything's possible.

    What kind of payment is it?

    Most of the 1099 series forms have a box for withholding.

    BMK
    Ir's payment for service as non-employee compensation.

    How and when should the withholding tax be sent to the IRS? Does it go to Form 941?

    Leave a comment:


  • ChEAr$
    replied
    Originally posted by Questionguy101
    Is it possible that tax can be withheld from payments to a S-corp?
    Sure, if the payer doesn't have a properly completed W9 which would indicate a corporation is properly filled out and submitted to payor.

    Only seen one case like this back about 1989.

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  • S T
    replied
    Link

    Here is a link to the Backup Withholding from 1099 forms
    However I doubt that the Vendors are going to want to do, as it involves more accounting/reporting.
    http://www.irs.gov/taxtopics/tc307.html

    Sandy

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  • Koss
    replied
    Withholding

    Anything's possible.

    What kind of payment is it?

    Most of the 1099 series forms have a box for withholding.

    BMK

    Leave a comment:


  • Questionguy101
    started a topic Tax withholding from payment to a S-corp

    Tax withholding from payment to a S-corp

    Is it possible that tax can be withheld from payments to a S-corp?
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