Guest lync Posted May 10, 2011 Posted May 10, 2011 Does anyone know how to pay the mandatory withholding on lump sum and periodic payments from plans? Does the withholding go to the IRS or the Hacienda?
Guest ldmurphy11 Posted June 6, 2013 Posted June 6, 2013 you have to look at the source of the income to determine who the tax goes to. is it a US source or a PR source income?
neekish Posted May 21, 2015 Posted May 21, 2015 I have a question on withholding and issuing forms for a participant under Dual qualified plan. The participant lived and worked in Puerto Rico. The pension plan is US based . The participant made no contributions to the plan. Should we withhold US taxes or PR taxes? Should we issue a 480.7 C or 1099 R or both?
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