ABC Suggests Several Changes on the 3% Withholding Tax

August 17, 2011

The 3% Withholding Tax is a proposed tax that will be levied against all payments for goods or services from federal, state, and local governments with total expenditures of $100 million beginning January 1, 2013. 

The Associated Builders and Contractors (ABC), a national industry trade association, has suggested several changes in a letter to the IRS on August 8, 2011 as released in their recent news letter.  To read ABC’s comments to the IRS please visit their newsletter on the ABC website.

Schedule a consultation with an experienced Aprio advisor to discuss your Tax needs.

Stay informed with Aprio.

Get industry news and leading insights delivered straight to your inbox.

Stay informed with Aprio. Subscribe now.