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Tuesday
Jun022020

IRS: Withholding on certain periodic retirement and annuity payments

DateTuesday, June 2, 2020 at 2:02PM by AuthorBanking Spectrum

In Notice 2020-3, the IRS provided that, for 2020 the default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual claiming three withholding allowances when no withholding certificate is in effect.

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