§3406. Backup withholding — Inbound Citations

26 U.S.C. § 3406

Cited by 10 provisions in release 119-102.

Citations to 26 U.S.C. § 3406 as a whole

26 U.S.C. § 1(g)(7)(A)(iii)

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(iii) no estimated tax payments for such year are made in the name and TIN of such child, and no amount has been deducted and withheld under section 3406, and
26 U.S.C. § 31(c)

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(c) Any credit allowed by subsection (a) for any amount withheld under section 3406 shall be allowed for the taxable year of the recipient of the income in which the income is received.
26 U.S.C. § 643(d)

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(d) Except to the extent otherwise provided in regulations, this subchapter shall be applied with respect to payments subject to withholding under section 3406—

(1) by allocating between the estate or trust and its beneficiaries any credit allowable under section 31(c) (on the basis of their respective shares of any such payment taken into account under this subchapter),

(2) by treating each beneficiary to whom such credit is allocated as if an amount equal to such credit has been paid to him by the estate or trust, and

(3) by allowing the estate or trust a deduction in an amount equal to the credit so allocated to beneficiaries.
26 U.S.C. § 6682(a)(1)

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(1) any individual makes a statement under section 3402 or section 3406 which results in a decrease in the amounts deducted and withheld under chapter 24, and
26 U.S.C. § 7431(g)(1)

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(1) any information obtained under section 3406 (including information with respect to any payee certification failure under subsection (d) thereof) shall be treated as return information, and
26 U.S.C. § 7431(g)(2)

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(2) any inspection or use of such information other than for purposes of meeting any requirement under section 3406 or (subject to the safeguards set forth in section 6103) for purposes permitted under section 6103 shall be treated as a violation of section 6103.

Citations to §3406(d)(1)

26 U.S.C. § 7205(b)

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(b) If any individual willfully makes a false certification under paragraph (1) or (2)(C) of section 3406(d), then such individual shall, in addition to any other penalty provided by law, upon conviction thereof, be fined not more than $1,000, or imprisoned not more than 1 year, or both.

Citations to §3406(d)(2)(B)

26 U.S.C. § 6705(a)

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(a) Any person required under section 3406(d)(2)(B) to provide notice to any payor who willfully fails to provide such notice to such payor shall pay a penalty of $500 for each such failure.

Citations to §3406(d)(2)(C)

26 U.S.C. § 7205(b)

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(b) If any individual willfully makes a false certification under paragraph (1) or (2)(C) of section 3406(d), then such individual shall, in addition to any other penalty provided by law, upon conviction thereof, be fined not more than $1,000, or imprisoned not more than 1 year, or both.

Citations to §3406(f)

26 U.S.C. § 1474(c)(1)

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(1) For purposes of this chapter, rules similar to the rules of section 3406(f) shall apply.