26 CFR § 31.3406(a)-3

26 CFR · Internal Revenue

§ 31.3406(a)-3 — Scope and extent of accounts subject to backup withholding.

eCFR · current through Aug 3, 2026

§ 31.3406(a)-3 Scope and extent of accounts subject to backup withholding. A payor who is required to withhold under § 31.3406(a)-1 must withhold—

(a)On the accounts subject to withholding under § 31.3406(a)-1 (b)(1)(i) or (b)(2)(ii); and

(b)On the accounts subject to withholding under § 31.3406(a)-1(b)(1)(ii) or (b)(2)(i), as described under § 31.3406(d)-5 (relating to notification of incorrect TIN) or § 31.3406(c)-1 (relating to notified payee underreporting), respectively. [T.D. 8637, 60 FR 66114, Dec. 21, 1995]

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§ 31.3406(a)-3 Scope and extent of accounts subject to backup withholding.

A payor who is required to withhold under § 31.3406(a)-1 must withhold—

(a) On the accounts subject to withholding under § 31.3406(a)-1 (b)(1)(i) or (b)(2)(ii); and

(b) On the accounts subject to withholding under § 31.3406(a)-1(b)(1)(ii) or (b)(2)(i), as described under § 31.3406(d)-5 (relating to notification of incorrect TIN) or § 31.3406(c)-1 (relating to notified payee underreporting), respectively.

[T.D. 8637, 60 FR 66114, Dec. 21, 1995]

26 C.F.R. § 31.3406(a)-3 (Scope and extent of accounts subject to backup withholding.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.