An IRS procedure designed to ensure that a taxpayer who does not have a Social Security number or tax identification number will still have taxes withheld on his/her income.
Related information about backup withholding:
- Tax Topics - Topic 307 Backup Withholding
Sep 12, 2012 ... Topic 307 - Backup Withholding. Banks or other businesses that pay you certain kinds of income must file an information return Form 1099 with ...
- Backup Withholding - What is Backup Withholding and Who's Exempt?
Backup withholding is a type of withholding for federal income taxes on certain types of income. Backup withholding may be mandatory in certain circumstances.
- Backup withholding - Wikipedia, the free encyclopedia
According to the Internal Revenue Service, in the US, backup withholding is a specified percentage (currently 28%) withheld by the payers to be paid to the IRS ...
- Backup Withholding Definition | Investopedia
Tax that is levied on investment income, at an established tax rate, as the investor withdraws it. Backup withholding helps to ensure that government ...
- Backup Withholding
Backupwithholding.net provides accurate information that will answer all your questions about backup withholding.
- Backup Withholding For Individuals, Businesses, and Government ...
Backup Withholding for Individuals, Businesses, and Government Entities.
- What Is Backup Withholding?
Oct 15, 2012 ... Backup withholding is a process of employers holding back a specific percentage of employees' paychecks to give to the IRS. This...
- Backup Withholding Requirements Policy
Backup Withholding is required under three circumstances: Backup withholding is required when the agency requests a Taxpayer Identification Number (TIN) ...