IRS requests comments on Form 4670

The IRS is soliciting comments concerning Form 4670, Request for Relief of Payment of Certain Withholding Taxes. A payor who fails to withhold certain required taxes from a payee may be entitled to relief, under Code Sec. 3402(d) , Code Sec. 3102(f)(3), Code Sec. 1463 or Reg. §1.1474-4.

To apply for relief, a payor must show that the payee reported the payments and paid the corresponding tax. To secure relief as described above, a payor must obtain a separate, completed Form 4669, Statement of Payments Received from each payee for each year relief is requested. These Forms 4669 should be compiled and attached to Form 4670, Request for Relief of Payment of Certain Withholding Taxes, which will be used as a coversheet, summarizing the number of statements per year, for Forms 4669.

Written comments should be received on or before July 6, 2015 to be assured of consideration, and should be directed to Christie Preston, Internal Revenue Service, Room 6129, 1111 Constitution Avenue N.W., Washington, DC 20224. (Federal Register, May 7, 2015.)

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