In general

In the case of any reportable payment, if—

(A) the payee fails to furnish his TIN to the payor in the manner required,

(B) the Secretary notifies the payor that the TIN furnished by the payee is incorrect,

(D) there has been a payee certification failure described in subsection (d),

then the payor shall deduct and withhold from such payment a tax equal to the product of the fourth lowest rate of tax applicable under section 1(c) 1 1 See References in Text note below. and such payment.

in view

Whole section

▸rulespec code

Shown source

statutes/26/3406/a.yaml

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Rules

underreporting_or_certification_failure_applies_to_payment

Derived

source: 26 USC 3406(a)(1)(C)-(D), 3406(a)(2)

- name: underreporting_or_certification_failure_applies_to_payment
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(a)(1)(C)-(D), 3406(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              there has been a notified payee underreporting described in subsection (c), or (D)
              there has been a payee certification failure described in subsection (d)
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              Subparagraphs (C) and (D) of paragraph (1) shall apply only to reportable interest or
              dividend payments.
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        reportable_interest_or_dividend_payment
        and (
            notified_payee_underreporting_described_in_subsection_c
            or payee_certification_failure_described_in_subsection_d
        )

backup_withholding_requirement_applies

Derived

source: 26 USC 3406(a)(1), 3406(a)(2)

- name: backup_withholding_requirement_applies
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(a)(1), 3406(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: In the case of any reportable payment, if—
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the payee fails to furnish his TIN to the payor in the manner required
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the Secretary notifies the payor that the TIN furnished by the payee is incorrect
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/a#underreporting_or_certification_failure_applies_to_payment
            output: underreporting_or_certification_failure_applies_to_payment
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        reportable_payment
        and (
            payee_fails_to_furnish_tin_to_payor_in_required_manner
            or secretary_notifies_payor_that_tin_furnished_by_payee_is_incorrect
            or underreporting_or_certification_failure_applies_to_payment
        )

loading…

In general

Official source

In the case of any reportable payment, if—

(A) the payee fails to furnish his TIN to the payor in the manner required,

(B) the Secretary notifies the payor that the TIN furnished by the payee is incorrect,

(D) there has been a payee certification failure described in subsection (d),

in view

Whole section

▸rulespec code

Shown source

statutes/26/3406/a.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/26/3406/a; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

underreporting_or_certification_failure_applies_to_payment

Derived

source: 26 USC 3406(a)(1)(C)-(D), 3406(a)(2)

- name: underreporting_or_certification_failure_applies_to_payment
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(a)(1)(C)-(D), 3406(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              there has been a notified payee underreporting described in subsection (c), or (D)
              there has been a payee certification failure described in subsection (d)
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: >-
              Subparagraphs (C) and (D) of paragraph (1) shall apply only to reportable interest or
              dividend payments.
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        reportable_interest_or_dividend_payment
        and (
            notified_payee_underreporting_described_in_subsection_c
            or payee_certification_failure_described_in_subsection_d
        )

backup_withholding_requirement_applies

Derived

source: 26 USC 3406(a)(1), 3406(a)(2)

- name: backup_withholding_requirement_applies
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3406(a)(1), 3406(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: In the case of any reportable payment, if—
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the payee fails to furnish his TIN to the payor in the manner required
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3406
            excerpt: the Secretary notifies the payor that the TIN furnished by the payee is incorrect
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3406/a#underreporting_or_certification_failure_applies_to_payment
            output: underreporting_or_certification_failure_applies_to_payment
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        reportable_payment
        and (
            payee_fails_to_furnish_tin_to_payor_in_required_manner
            or secretary_notifies_payor_that_tin_furnished_by_payee_is_incorrect
            or underreporting_or_certification_failure_applies_to_payment
        )