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Current Federal Tax Developments · Jan 8, 2026
Proposed Regulations Implement Statutory Thresholds for Backup Withholding on Third Party Network Transactions
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Proposed Regulations Implement Statutory Thresholds for Backup Withholding on.... Worth reviewing for potential client impact.
Summary
The Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations (REG-112829-25) addressing backup withholding obligations for Third Party Settlement Organizations (TPSOs). These proposals are designed to harmonize the backup withholding regulations under Int...
Classification
Category: fyiPriority: importantReason: Contains 'proposed regulation' - significant update
Applies To
payroll
Affected Groups
Payroll/employment tax specialists
Related Topics
Original Source
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