Pass-Through Entity Withholding Archives

Question of the Week: Do I Need to Withhold Tax on Distributions to Partners and S Corporation Shareholders?

This week’s question comes from Nicole, an office manager. Our business is formed as two entities, an S corporation and a partnership. We’re located in Massachusetts. Do I now need to withhold income tax on distributions to partners and S corporation shareholders?...

Massachusetts Now Requires Withholding on Partnership and S Corporation Distributions

In TIR 08-8: Sales/Use Tax, Withholding and Administrative Changes Contained in Chapter 182 of the Acts of 2008, the Massachusetts Department of Revenue (DOR) commented on the changes required by the new law. For withholding purposes, the law allows the DOR to require...