To
receive our free monthly network newsletter enter your
email address below:
ADVERTISING
ADVERTISE
ON THIS SITE!
Our sites have more than 100,000 visitors every month. Like
our international site, this new US site will quickly grow
to be one of the most-visited
American tax sites.
If you want to advertise with us, be an exclusive launch partner
for new US sections, or show our highly-rated news content
on your own site, just e-mail paul@ustax
network.com.
We'll get right back to you! If you give us a number to call
you, we'll do just that. For
more information, click
here.
>
Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
information.
Introduction:
What The Legislation Does The
legislation setting up Qualified Intermediary status
is contained in the IRS Tax Code in Section 1.1441-1
through 9.
The Legislation The
text file of Section 1.1441 occupies 650KB.
The
following paragraph from the opening of the text
describes the purpose of the various sections.
Click on the section header to link to the full
text for that section.
Section
1.1441-1 Requirement for the deduction
and withholding of tax on payments to foreign
persons.
(a)
Purpose and scope. This section, Secs. 1.1441-2
through 1.1441- 9, and 1.1443-1 provide rules
for withholding under sections 1441, 1442, and
1443 when a payment is made to a foreign person.
This
section provides definitions of terms used in
chapter 3 of the Internal Revenue Code (Code)
and regulations thereunder. It prescribes procedures
to determine whether an amount must be withheld
under chapter 3 of the Code and documentation
that a withholding agent may rely upon to determine
the status of a payee or a beneficial owner as
a U.S. person or as a foreign person and other
relevant characteristics of the payee that may
affect a withholding agent's obligation to withhold
under chapter 3 of the Code and the regulations
thereunder. Special procedures regarding payments
to foreign persons that act as intermediaries
are also provided.
Section
1.1441-2 defines the income subject to
withholding under section 1441, 1442, and 1443
and the regulations under these sections.
Section
1.1441-3 provides rules regarding the
amount subject to withholding.
Section
1.1441-4 provides exemptions from withholding
for, among other things, certain income effectively
connected with the conduct of a trade or business
in the United States, including certain compensation
for the personal services of an individual.
Section
1.1441-5 provides rules for withholding
on payments made to flow-through entities and
other similar arrangements.
Section
1.1441-6 provides rules for claiming a
reduced rate of withholding under an income tax
treaty.
Section
1.1441-7 defines the term withholding
agent and provides due diligence rules governing
a withholding agent's obligation to withhold.
Section
1.1441-8 provides rules for relying on
claims of exemption from withholding for payments
to a foreign government, an international organization,
a foreign central bank of issue, or the Bank for
International Settlements.
Sections
1.1441-9 and 1.1443-1
provide rules for relying on claims of exemption
from withholding for payments to foreign tax exempt
organizations and foreign private foundations.
Introduction:
What The Legislation Does The
legislation setting up Qualified Intermediary status
is contained in the IRS Tax Code in Section 1.1441-1
through 9.
The Legislation The
text file of Section 1.1441 occupies 650KB.
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
One of the web's
largest and most authoritative business and investment information
sources. Alongside topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly
updated intelligence reports cover every important aspect
of 'offshore' and international tax-planning in depth, including
banking secrecy, the EU's savings tax directive, offshore
funds, e-commerce, offshore gaming and transfer pricing. Reports
are available for immediate downloading or as subscription
services with news pages.
IMPORTANT NOTICE:
THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting
the information contained on this site, but accepts no responsibility
for any financial or other loss or damage that may result from its use.
In particular, users of the site are advised to take appropriate professional
advice before committing themselves to involvement in offshore jurisdictions,
offshore trusts or offshore investments. All materials on this site copyright
The Lowtax Network 1999 - 2009. Contact
us for further information.
USA-INVESTMENT-TAX.COM 
