26 C.F.R. § 1.1474-4. - § 1.1474-4 Tax Paid Only Once.

Current as of January 1, 1970

Section 1.1474-4 - § 1.1474-4 Tax Paid Only Once.Section 1.1474-4 - § 1.1474-4 Tax Paid Only Once.

Section 1.1474-3 - § 1.1474-3 Withheld Tax as Credit to Beneficial Owner of Income.Section 1.1474-5 - § 1.1474-5 Refunds or Credits.

§ 1.1474-4 Tax paid only once.

(a) Tax paid. If the tax required to be withheld under chapter 4 on a payment is paid by the payee, beneficial owner, or the withholding agent, it shall not be re-collected from any other, regardless of the original liability therefor. However, this section does not relieve a person that was required to, but did not, withhold tax from liability for interest or any penalties or additions to tax otherwise applicable.

(b) Effective/applicability date. This section applies January 28, 2013.

[T.D. 9610, 78 FR 5992, Jan. 28, 2013]

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