global Tax Nonresident Withholding Tax Guide Undergoes IRS Adjustments February 23, 2015 Disclaimer This post was published more than two years ago, and some information may now be out of date. We want to help you make the best decisions possible—please connect with your advisor or check out our latest resources for the most current guidance. The IRS has adjusted its Nonresident Withholding Tax Guide to expand on existing provisions in publication 515, and to add new rules and specifications. The IRS has released a revised version of Publication 515, or the Withholding of Tax on Nonresident Aliens and Foreign Entities, primarily relevant to 2015 but also pertaining to certain 2014 information as well. The publication offers counsel to withholding agents paying income to nonresident aliens as well as foreign corporations, trusts, partnerships, governments, and international organizations. New Rules The revised publication 515 discusses new regulations pertaining to issues like: Withholding Requirements under FATCA How a regulated investment company (RIC) is treated as a qualified investment entity (QIE) Taxpayers should keep up with the latest information about Publication 515 developments. Visiting the IRS website can help answer questions regarding the changes, and our article “IRS Updates Nonresident Withholding Tax Guide” gives more detailed information about the changes as well.
