# Treas. Reg. § 31.3406(a)-3: Scope and extent of accounts subject to backup withholding.

Source: eCFR as of 2026-10-19 <https://www.ecfr.gov/current/title-26/section-31.3406(a)-3>. Interprets 26 U.S.C. § 3406.

A payor who is required to withhold under § 31.3406(a)-1 must withhold— 

(a) On the accounts subject to withholding under § 31.3406(a)-1 (b)(1)(i) or (b)(2)(ii); and 

(b) On the accounts subject to withholding under § 31.3406(a)-1(b)(1)(ii) or (b)(2)(i), as described under § 31.3406(d)-5 (relating to notification of incorrect TIN) or § 31.3406(c)-1 (relating to notified payee underreporting), respectively. 

[T.D. 8637, 60 FR 66114, Dec. 21, 1995]