The IRS has released the 2017 revision of Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities.
Publication 515 is for withholding agents who pay income to foreign persons, including non resident aliens, foreign corporations, foreign partnerships, foreign trusts, foreign estates, for eign governments, and international organizations. Specifically, it describes the persons re sponsible for withholding (withholding agents), the types of income subject to withholding, and the information return and tax return filing obligations of withholding agents. In addition to discussing the rules that apply generally to payments of U.S. source income to foreign persons, it also contains sections on the with holding that applies to the disposition of U.S. real property interests and the withholding by partnerships on income effectively connected with the active conduct of a U.S. trade or business.
See full publication at Publication 515.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.