Finance & markets · 22/04/2014Updated: 10/17/2026 · 1 min read

IRS Corrects Tax Regulations on Foreign Income and U.S. Person Payments

The IRS has issued corrections to regulations related to withholding tax on U.S. source income paid to foreign individuals, information reporting, and backup withholding on payments made to U.S. persons, as well as portfolio interest treatment for nonresident aliens and foreign corporations.