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This article was published by the IRS. Backup withholding ensures that the government is paid the correct amount of taxes on specific types of payments reported on certain Forms 1099 and W-2G. Here are some facts about backup withholding: Backup withholding is required on certain non-payroll amounts when certain conditions apply. The payer making such payments [...]
This article was published by the IRS. Taxpayers who receive certain types of income may have backup withholding deducted from these payments. Backup withholding can apply to most payments reported on certain Forms 1099 and W-2G. Here are some facts to help taxpayers understand backup withholding. Backup withholding is required on certain non-payroll amounts when certain [...]
