The term withholdable payment means a payment described in § 1.1471-1(b)(145).
The $426 million payment, described by the bank, KfW Bankengruppe, as an "automated transfer," provoked an outcry across the political spectrum.
Citigroup paid Mr. Orefice $900,000 in late January 2008, a special payment described as part of a "separation agreement and release".
A payment described in this paragraph (d)(4)(iv) may be reported in the currency in which the payment is denominated or in U.S. dollars.
A lessee of land owned by a Federal agency may receive a payment described in subsection (b), (c), or (d) if the lessee otherwise meets all applicable criteria.
Except as otherwise provided in this paragraph, any payment described in paragraph (1) shall (subject to the last sentence of subsection (a)(1)(A)) be deductible under this section when paid.
See paragraph (c)(4)(iii) of this section for circumstances in which an FFI may allocate a payment described in this paragraph (c)(4)(i) to a chapter 4 withholding rate pool of U.S. payees.
Earlier in the day, Fifa's secretary general, Jérôme Valcke, comes under pressure after evidence emerges showing he was aware of a $10m payment from South African officials to the former Concacaf president Jack Warner, a payment described by US investigators as a bribe.
Subparagraph (A) shall not apply to any payment described in paragraph (1) which is made under section 4062(c) of such Act and such payment shall be deductible at such time as may be prescribed in regulations which are based on principles similar to the principles of subsection (a)(1)(A).
An information return required to be made under paragraph (b) of this section may be made on a transaction-by-transaction basis, rather than on an annual aggregation basis, if payment described in paragraph (e)(2) of this section is made by a person described in paragraph (e)(3) of this section.
A cash rent tenant who makes a significant contribution of active personal management, but not of personal labor, with respect to a farming operation shall be eligible to receive a payment described in subsection (b) or (c) only if the tenant makes a significant contribution of equipment to the farming operation.
