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Offshore-account holders must pay a lump sum to make up for unpaid taxes, plus an annual withholding tax.
A withholding agent under this section must use Form 1042, "Annual Withholding Tax Return for U.S. Source Income of Foreign Persons," and Form 1042-S, "Foreign Person's U.S. Source Income Subject to Withholding," to report withholding from distributions under this section.
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Divide your annual federal withholding tax by your number of pay periods for the year.
Subtract child/dependent care credits, child tax credits, and other credits and other credits that apply to get your annual federal withholding tax.
Almost a third of the publicly traded shares voted at the Times Co.'s recent annual meeting withheld votes for directors to protest the company's stock structure, an almost unheard-of act of rebellion.
Shareholders seemed to agree: at least 30% of votes at the annual meeting were withheld from ten of the 11 directors on the ticket.
Fidelity Investments, the nation's largest mutual fund company and one of Disney's largest shareholders, voted at the Disney annual meeting to withhold votes for Michael D. Eisner, the chief executive and then the chairman as well, Disney confirmed last week.
Last April, for instance, José Bustani, the Brazilian director-general of the Organization for the Prohibition of Chemical Weapons, was removed from power with a vote of no-confidence instigated by the State Department, which had threatened to withhold annual budget payments if Bustani remained for a full term.
He said he would propose withholding future annual payments until the savings have been spent.
Recently Mr Arafat ordered that the PA general comptroller's annual report should be withheld until further notice.
WASHINGTON — Building tensions between the United States and Egypt flashed into the open Thursday when Cairo confirmed that it had barred at least a half-dozen Americans from leaving the country and the Obama administration threatened explicitly to withhold its annual aid to the Egyptian military.
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