On May 31, the IRS issued a proposed regulation β presented in Q & A format β concerning income tax withholding obligations on non-rollover distributions from employer-sponsored plans β including pension, annuity, profit sharing, stock bonus and any other deferred compensation plan β to destinations outside the U.S. Unlike U.S. payees, non-U.S. payees cannot elect to forego income tax withholding on such distributions.
Home > Federal Law Articles > Employee Benefits > General (Benefits) > To Withhold or Not to Withhold on Pension Distributions: A New Proposed Regulation Clarifies Obligations