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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

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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