The U.S. isn't the only country that withholds taxes but with it's dominant position in global trade, it does have the greatest impact. Determining the correct rate of withholding and supporting it with correctly documented processes are key to keeping both your suppliers/investors and the IRS happy...

Information & More

Nobody wants to have more tax withheld than is necessary. To avoid that, a withholding agent has to obtain sufficient information and documentation to fully support any withholding rate applied. That's often the problem - getting the information in the first place. Then there is still the task of systematically checking all the available data to make a sound determination, documenting the process and final decision ready for any future review.