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backup withholding

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:
  1. 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 ...
     
  2. 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.
     
  3. 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 ...
     
  4. 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 ...
     
  5. Backup Withholding
    Backupwithholding.net provides accurate information that will answer all your questions about backup withholding.
     
  6. Backup Withholding For Individuals, Businesses, and Government ...
    Backup Withholding for Individuals, Businesses, and Government Entities.
     
  7. 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...
     
  8. Backup Withholding Requirements Policy
    Backup Withholding is required under three circumstances: Backup withholding is required when the agency requests a Taxpayer Identification Number (TIN) ...