Exempt recipient definition
Exempt recipient has the meaning set forth in §1.1471- 1(b)(43).
Exempt recipient means a person described in §1.6049- 5(c)(1)(ii) (for interest, dividends, and royalties), a person described in §1.6045-2(b)(2)(i) (for broker proceeds), and a person described in §1.6041-3(q) (for rents, amounts paid on notional principal contracts, and other fixed or determinable income).