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TITLE 26 - INTERNAL REVENUE
CHAPTER I - INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY
SUBCHAPTER C - EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
PART 31 - EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
31.3406(a) - 3 - Scope and extent of accounts subject to backup withholding.
A payor who is required to withhold under 31.3406(a)1 must withhold (a) On the accounts subject to withholding under 31.3406(a)1 (b)(1)(i) or (b)(2)(ii); and (b) On the accounts subject to withholding under 31.3406(a)1(b)(1)(ii) or (b)(2)(i), as described under 31.3406(d)5 (relating to notification of incorrect TIN) or 31.3406(c)1 (relating to notified payee underreporting), respectively.
[T.D. 8637, 60 FR 66114, Dec. 21, 1995]
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