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Federal Register (IRS) · Jan 9, 2026
Backup Withholding on Third Party Network Transactions
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Backup Withholding on Third Party Network Transactions. Worth reviewing for potential client impact.
Summary
[Proposed Rule] This document contains proposed amendments to the regulations governing backup withholding. The proposed regulations reflect recent changes to the statutory law. These changes will affect third party settlement organizations who make payments in settlement of third party network transactions.
Classification
Category: fyiPriority: importantReason: Contains 'proposed regulation' - significant update
Applies To
payroll
Affected Groups
Payroll/employment tax specialists
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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