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New North Carolina Withholding For Contractors With ITIN's

Posted by Wally Ross on Fri, Mar 19, 2010
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Individuals who can not obtain a social security number or who are non-residents of the United States and are liable to pay taxes here, are issued an Individual Taxpayer Identification Number (ITIN) by the IRS.  

Form W-7

Effective January 1, 2010, the North Carolina Department of Revenue requires that 4% of pay be withheld for ITIN contractors who receive more than $1,500 per year.  According to the NCDOR "payers should file and pay withholding taxes on contractors with ITIN's just like they would for regular employees."

If this new law effects you, and you do not already pay withholding taxes, you must register with North Carolina.  After you register you will receive a withholding account number and then can begin filing and paying the taxes.

If you have questions, or if we can be of any assistance, please contact us. 


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