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Funds withheld from foreign supplier
September 28, 2021
Q. A supplier has no U.S TIN and no regular operations in the U.S, but service was performed inside the U.S during business travel. Their country has no U.S. tax treaty. If 30% withholding is required, should the withheld money should be remitted to the IRS and reported on a 1042-S? How are the withheld funds refunded to the supplier? Do they need to file a U.S tax return even though they have no U.S tax ID?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced…
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