Corporate distributions
Corporate distributions(1) General rule. A corporation making a distribution with respect to its stock or any intermediary (described in 1.14411(c)(13)) making a payment of such a distribution is required to withhold under section 1441, 1442, or 1443 on the entire amount of the distribution, unless it elects to reduce the amount of withholding under the provisions of this paragraph (c). Any exceptions from withholding provided by this paragraph (c) apply without any requirement to furnish documentation to the withholding agent. However, documentation may have to be furnished for purposes of the information reporting provisions under section 6042 or 6045 and backup withholding under section 3406. See 1.14611(c) to determine whether amounts excepted from withholding under this section are considered amounts that are subject to reporting.
(1)General rule.A corporation making a distribution with respect to its stock or any intermediary (described in 1.14411(c)(13)) making a payment of such a distribution is required to withhold under section 1441, 1442, or 1443 on the entire amount of the distribution, unless it elects to reduce the amount of withholding under the provisions of this paragraph (c). Any exceptions from withholding provided by this paragraph (c) apply without any requirement to furnish documentation to the withholding agent. However, documentation may have to be furnished for purposes of the information reporting provisions under section 6042 or 6045 and backup withholding under section 3406. See 1.14611(c) to determine whether amounts excepted from withholding under this section are considered amounts that are subject to reporting.