Through August , Boston University has moved to remote teaching and learning, canceled on-campus activities, and minimized lab research activities. The changes are designed to accommodate reporting of information relating to both Internal Revenue Code Chapter 3 withholding at source on payment to non-U. Source Income Subject to Withholding :. Box 1 - Income Code. Box 2 - Gross Income. Box 3 - Chapter 3 Withholding.
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Source Income Subject to Withholding. IRM Section The government indicated in the Notice that the planned regulations and presumably the IRM procedures would apply to refund or credit amounts withheld in calendar year These procedures appear to have been implemented on amounts withheld in years prior to Recent IRS correspondence indicates that individual refunds or credits claimed on Forms NR for taxes withheld and reported on Forms S are being denied.
This development comes at a time when observers have noted increased enforcement activity by the IRS in the US information reporting arena despite budget constraints. The IRS has now followed through to increase its scrutiny of, and tighten its standards for, documentation required for refund and credit claims for over withholding on payments to non-US recipients.
Together, these developments have made it more difficult for withholding agents and non-US persons to claim refunds of withheld tax. It is essential that individual taxpayers proactively work with withholding agents to address the cause of the IRS denial of a refund or credit claims.
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Source Income Subject to Withholding. Our on-site customer service has been temporarily suspended, due to mandated government and university coronorvirus protocols, until further notice. We are unable to see walk-ins, nor are we able to accept drop-off or mailed documentation, due to limited staffing resources and necessary safety measures. The Customer Service Team is working remotely during customer service hours, and are still accessible via the email and phone as indicated below. Non-service fellowship income, in the absence of tax treaty benefits, is also exempt from tax withholding when paid to a resident alien. First, confirm your residency status, and only if you were a nonresident alien, last year, should you look into updating your mailing address and requesting a reprint of the document.
IRS Releases the 2014 Form 1042-S Instructions