[WSBAPT] Mandatory withholding on tax deferred account paid to noncitizens

[Sherry Bosse Lueders]

A similar question to one posed yesterday, but with a slight twist in facts: Decedent has a tax-deferred account paid to the Estate, but several of the Estate's beneficiaries live outside the U.S. and are not U.S. citizens. When dealing with beneficiaries who would not otherwise owe US income tax, should the estate still distribute the full amount and instruct the beneficiaries to consult with an accountant regarding taxes owed on the distribution? The countries involved are the Czech Republic and Japan - does anyone have specific experience with making distributions in those countries?

Sherry Bosse Lueders | Of Counsel

Stacey L. Romberg, Attorney at Law
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