Posts Tagged: withhold

Delay of Bad-News 3% Rule Provides Time to Kill It

The 3% rule, developed by the IRS, requires federal, state and local governments to withhold 3% of payments they make to contractors for taxes, much like employers withhold a percentage of employees’ income for tax purposes. Last week the IRS delayed the rule going into effect, which means there might be time to kill it.Read… Read more »