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federal_register: 2011-29560

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2011-29560 Extending Religious and Family Member FICA and FUTA Exceptions to Disregarded Entities; Correction Rule This document describes a correction to final and temporary regulations (TD 9554) extending the exceptions from taxes under the Federal Insurance Contributions Act ("FICA") and the Federal Unemployment Tax Act ("FUTA") under sections 3121(b)(3) (concerning individuals who work for certain family members), 3127 (concerning members of religious faiths), and 3306(c)(5) (concerning persons employed by children and spouses and children under 21 employed by their parents) of the Internal Revenue Code ("Code") to entities that are disregarded as separate from their owners for Federal tax purposes. The temporary regulations also clarify the existing rule that the owners of disregarded entities, except for qualified subchapter S subsidiaries, are responsible for backup withholding and related information reporting requirements under section 3406. These regulations were published in the Federal Register on Tuesday, November 1, 2011 (76 FR 67363). 2011-11-17 2011 11 https://www.federalregister.gov/documents/2011/11/17/2011-29560/extending-religious-and-family-member-fica-and-futa-exceptions-to-disregarded-entities-correction https://www.govinfo.gov/content/pkg/FR-2011-11-17/pdf/2011-29560.pdf Treasury Department; Internal Revenue Service 497,254 This document describes a correction to final and temporary regulations (TD 9554) extending the exceptions from taxes under the Federal Insurance Contributions Act ("FICA") and the Federal Unemployment Tax Act ("FUTA") under sections 3121(b)(3)...  

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