Loading
http://www.nacm.org/modules/mod_image_show_gk4/cache/slider_rotation.demystify_tci_bannergk-is-528.jpglink
http://www.nacm.org/modules/mod_image_show_gk4/cache/slider_rotation.cc15-banner1-oct-2014gk-is-528.jpglink
http://www.nacm.org/modules/mod_image_show_gk4/cache/slider_rotation.bookstore-banner-oct_2014gk-is-528.jpglink
http://www.nacm.org/modules/mod_image_show_gk4/cache/slider_rotation.knowledge-ctr-oct-banner_2014gk-is-528.jpglink
http://www.nacm.org/modules/mod_image_show_gk4/cache/slider_rotation.credit_managers_index_sept_2014gk-is-528.jpglink
http://www.nacm.org/modules/mod_image_show_gk4/cache/slider_rotation.clc_sept_2014gk-is-528.jpglink
«
  • Demystifying Trade Credit Insurance
  • Credit Congress 2015
  • Bookstore
  • Knowledge & Learning Center
  • Credit Managers' Index
  • Advanced Credit Policy
»

3% Tax Withholding Update (Only 11 Months Away)

Did you know?

You can review contracts, locate email addresses and learn how to do business with the Air Force by visiting the Air Force Acquisition page.

The NACM-Government Business Group has started a letter-writing campaign to repeal Section 511 of the Tax Increase Prevention and Reconciliation Act (TIPRA, P.L. 109-222).

Section 511 of the Tax Increase Prevention and Reconciliation Act of 2006 (Public Law 109-222) will require, beginning in 2012, to withhold 3% in federal taxes on payments to government contractors for more than $600 in goods and services.

All interested parties need to write to federal Office of Management and Budget director Jacob Lew to ask for his support to fully repeal the act.

History
January 7, 2009 the House approved full repeal of the 3% withholding in H.R. 275. However, the Senate, in S. 292, would only pass a one-year delay of the 3% withholding provision. With this one-year delay, the provision will go into effect January 1, 2012.

NACM-GBG is a member of the Government Withholding Relief Coalition (GWRC).

Time to Take Action
Contact your representative and senators to make sure your voice is heard. Let’s ensure Congress is aware of how detrimental the 3% withholding tax will be to your business.

IRS Guidance Still Pending
The IRS published proposed rules and regulations for the requirement in the Federal Register in December 2008. However, as of this writing, the IRS has not released finalized rules, regulations or guidance on the withholding requirement.

Click here (http://www.irs.gov/pub/irs-tege/2008_0104_0001_1.pdf) to view the withholding provision in the federal registry.

What is a DoDAAC?

The Department of Defense Activity Address Code (DoDAAC) is a six-digit code that uniquely identifies a unit, activity, or organization that has the authority to requisition and/or receive material. Your contract will state your DODAAC. DoDAACs are also being used to track DoD entities for intra-governmental transactions across the Federal Government.

DoDAAC

Email Address

F03000 CCO-AF-VPIS@DFAS.MIL
F25700 CCO-AF-VPIS@DFAS.MIL
F67100 CCO-AF-VPIS@DFAS.MIL
F68300 CCO-AF-VPIS@DFAS.MIL
F68800 DFAS-JP-VPIS@DFAS.MIL
F78900 DFAS-AF-VPIS@DFAS.MIL
HQ0105 DFAS-IN.97.VPIS@DFAS.MIL
HQ0131 DFAS-CO_LC@DFAS.MIL
HQ0248 CCO-NAVY-VPIS@DFAS.MIL
HQ0250 ROME-VENDORPAY@DFAS.MIL
HQ0251 CCO-NAVY-VPIS@DFAS.MIL
HQ0252 CCO-NAVY-VPIS@DFAS.MIL
HQ0300 ROME-VENDORPAY@DFAS.MIL
HQ0301 DFAS-IN.97.VPIS@DFAS.MIL
HQ0302 ROME-VENDORPAY@DFAS.MIL
HQ0303 CCO-AR-VPIS@DFAS.MIL
HQ0304 CCO-AR-VPIS@DFAS.MIL
HQ0335 DFAS-IN.97.VPIS@DFAS.MIL
HQ0337 CCO.VPIS-MOCAS@DFAS.MIL
HQ0338 CCO.VPIS-MOCAS@DFAS.MIL
HQ0339 CCO.VPIS-MOCAS@DFAS.MIL
HQ0345 DFAS-IN.97.VPIS@DFAS.MIL
HQ0346 DFAS-IN.97.VPIS@DFAS.MIL
HQ0347 DFAS-IN.97.VPIS@DFAS.MIL
HQ0348 ROME-VENDORPAY@DFAS.MIL
HQ0393 DFAS-IN.97.VPIS@DFAS.MIL
HQ0418 DFAS-JP-VPISM@DFAS.MIL
HQ0419 DFAS-JP-VPISA@DFAS.MIL
HQ0420 DFAS-JP-VPIS@DFAS.MIL
HQ0428 DFAS-EU-VPIS@DFAS.MIL
HQ0429 DFAS-EU-VPIS@DFAS.MIL
HQ0430 DFAS-EU-VPIS@DFAS.MIL
HQ0431 DFAS-IN.97.VPIS@DFAS.MIL
HQ0432 DFAS-IN.97.VPIS@DFAS.MIL
HQ0471 DFAS-IN.97.VPIS@DFAS.MIL
M00318 CCO-KC-VPIS@DFAS.MIL
M67443 CCO-KC-VPIS@DFAS.MIL
N45924 CCO-NAVY-VPIS@DFAS.MIL
N50082 CCO-NAVY-VPIS@DFAS.MIL
N50083 CCO-NAVY-VPIS@DFAS.MIL
N50084 CCO-NAVY-VPIS@DFAS.MIL
N50085 CCO-NAVY-VPIS@DFAS.MIL
N50086 CCO-NAVY-VPIS@DFAS.MIL
N50087 CCO-NAVY-VPIS@DFAS.MIL
N50088 CCO-NAVY-VPIS@DFAS.MIL
N50089 CCO-NAVY-VPIS@DFAS.MIL
N50090 CCO-NAVY-VPIS@DFAS.MIL
N50091 CCO-NAVY-VPIS@DFAS.MIL
N50120 CCO-NAVY-VPIS@DFAS.MIL
N60951 CCO-NAVY-VPIS@DFAS.MIL
N60957 CCO-NAVY-VPIS@DFAS.MIL
N62649 DFAS-JP-VPISN@DFAS.MIL
N64140 CCO-NAVY-VPIS@DFAS.MIL
N64141 CCO-NAVY-VPIS@DFAS.MIL
N64142 CCO-NAVY-VPIS@DFAS.MIL
N68342 CCO-NAVY-VPIS@DFAS.MIL
N68566 CCO-NAVY-VPIS@DFAS.MIL
N68688 CCO-NAVY-VPIS@DFAS.MIL
N68732 CCO-NAVY-VPIS@DFAS.MIL
N68892 CCO-NAVY-VPIS@DFAS.MIL
N68894 CCO-NAVY-VPIS@DFAS.MIL
SL4701 DFAS-CO_LC@DFAS.MIL
HQ0624 DFAS-CO_LC@DFAS.MIL

 

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!

NACM's Preferred
Software Providers

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History