Internal Revenue Bulletin:  2011-50 

December 12, 2011 

EMPLOYMENT TAX


Table of Contents

T.D. 9554 T.D. 9554

Final, temporary, and proposed regulations under section 3121 of the Code would extend the exceptions from taxes under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act under sections 3121(b)(3), 3127, and 3306(c)(5) to entities that are disregarded as separate from their owners for federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406.

REG-136565-09 REG-136565-09

Final, temporary, and proposed regulations under section 3121 of the Code would extend the exceptions from taxes under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act under sections 3121(b)(3), 3127, and 3306(c)(5) to entities that are disregarded as separate from their owners for federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406.


More Internal Revenue Bulletins