Fb liquidating estate

Posted by / 26-May-2016 09:02

An exempt recipient is generally exempt from information reporting without filing a certificate claiming exempt status unless the provisions of this paragraph (c)(1)(ii) require a payee to file a certificate.

Bank M in the United States forwards the interest coupon to Bank N outside the United States.

Paragraph (b)(5)(i) of this section shall be applicable for payments made on or after January 1, 2013.

(For interest paid to a Canadian nonresident alien individual on or before December 31, 2012, see paragraph (b)(5) of this section as in effect and contained in 26 CFR part 1 revised April 1, 2000.) No information return is required with respect to any payment made to an exempt recipient described in paragraph (c)(1)(ii) of this section, except to the extent otherwise provided in § 1.6049-5(d)(3) (ii) and (iii).

Except as provided in paragraph (b)(3) and (b)(5) of this section, in the case of original issue discount, an information return on Forms 10 shall be made for each calendar year of any holder of an obligation as to which there is original issue discount includible in gross income aggregating or more.

For calendar years before 1992, semiannual record date reporting under § 1.6049-1(a)(1)(ii)() may be used, and if it is used, the original issue discount includible in gross income is determined by treating each holder as holding the obligation on every day it was outstanding during the calendar year.

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However, if the payor backup withholds under section 3406 on such payment (because, for example, the payee has failed to furnish a Form W-9 on request), then the payor is required to make a return under this section, unless the payor refunds the amount withheld in accordance with § 31.6413(a)-3 of this chapter (Employment Tax Regulations).