AGC’s CEO Testifies Before the IRS About 3 Percent Withholding

The chief executive officer of AGC, Stephen Sandherr, testified at a public hearing hosted by the Internal Revenue Service (IRS). In his testimony, Sandherr detailed AGC’s opposition to 3 percent government withholding, outlining the unfair burden it places on contractors. Sandherr proceeded to request that the IRS delay the enforcement of the withholding and recommended that the IRS provide additional guidance to assist pass-through and joint venture taxpayers comply with 3 percent government withholding. For Sandherr’s complete remarks, click here.