In a legal memorandum from Nancy L. Rose, Senior Counsel for Procedure & Administration, the IRS has concluded that it can seek backup withholding liabilities from employers who fail to obtain a W-9 even if the three-year period for retaining those forms has elapsed.
See "IRS Can Seek Penalties for Failure to Obtain Form W-9 Even if Requirement to Retain Form Has Expired," 2010 TNT 181-17 (May 20, 2010).
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
See "IRS Can Seek Penalties for Failure to Obtain Form W-9 Even if Requirement to Retain Form Has Expired," 2010 TNT 181-17 (May 20, 2010).
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
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