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Tag: witholdingtaxes

State Nonresident Withholding Taxes: What you and Your Stakeholders Need to Know

By Mark Feldstein No one likes to receive a bill for taxes, penalties and interest from a state where they’ve never lived — especially without a clear understanding of why they are receiving it. But if your company has stakeholders who aren’t domiciled in the states your business operates in, your company may be required to pay nonresident taxes on their behalf. If you’re not aware of nonresident withholding taxes and how they work, you could end up with confused, angry shareholders...

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