<searchTitle>Withholding on Certain Distributions Under Section 3405(a) and (b); Federal Register Vol. 89, Issue </searchTitle>
<granuleClass>RULE</granuleClass>
<accessId>2024-24224</accessId>
<agency order="1">DEPARTMENT OF THE TREASURY</agency>
<agency order="2">Internal Revenue Service</agency>
<effectiveDate>2024-10-21</effectiveDate>
<departmentDoc>TD 10008</departmentDoc>
<rin number="1545-BN52"/>
<billingCode>4830-01-P</billingCode>
<frDocNumber>2024-24224</frDocNumber>
<action>Final regulation.</action>
<summary>This document contains a final regulation regarding income tax withholding on certain periodic payments and nonperiodic distributions from employer deferred compensation plans, individual retirement plans, and commercial annuities that are not eligible rollover distributions. The regulation addresses a payor's obligation to withhold income taxes in the circumstances in which those payments or distributions are made to payees outside of the United States and affects payors and payees of those periodic payments and nonperiodic distributions.</summary>
<dates>Effective date. This regulation is effective October 21, 2024.</dates>
<contact>Jeremy Lamb at (202) 317-4575 or Isaac Stein at (202) 317-6320 (not toll-free numbers).</contact>
<cfr title="26">
<part number="31"/>
<subject>Employment Taxes</subject>
<subject>Income Taxes</subject>
<subject>Penalties</subject>
<subject>Pensions</subject>
<subject>Railroad Retirement</subject>
<subject>Reporting and Recordkeeping Requirements</subject>
<subject>Social Security</subject>
<subject>Unemployment Compensation</subject>
...</cfr>
<tocDoc>Withholding on Certain Distributions, </tocDoc>