Backup withholding is a prepayment of tax for the Internal Revenue Service that is levied against someone if their name and social security number doesn't match. It can also be levied if you owe federal taxes to the government. Look here fo...
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3 If I trade forex on an online platform will the back-up only be calculated on the money deposited into my bank account or on the daily profits and losses? - anon36836 2 If I am an employee and I provide an invalid SSN to my employer, can...
http://www.wisegeek.com/what-is-backup-withholding.htm
Generally, these payments are not subject to withholding; however they may be subject to backup withholding. Payments that may be subject to "backup withholding" include interest, dividends, rents, royalties, payments for work you do as an independent contractor, and broker payments.
www.irs.gov/taxtopics/tc307.html
Begin backup withholding immediately on any reportable payments. Do the required annual solicitation (request) for the TIN. Backup Withhold until you receive a TIN. ... A "B" Notice is a backup withholding notice. There are two "B" Notices -- the First "B" Notice and the Second "B" Notice. You must send the First "B"
www.irs.gov/efile/article/0,,id=98145,00.html
Backup Withholding - Wikipedia, the free encyclopedia
This is a United States Tax related article. Please refer to rules set forth by the Internal Revenue Service for correct and up-to-date information. According to the Internal Revenue Service, in the ...
en.wikipedia.org/wiki/Backup_Withholding
backup withholding - definition of 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... ... backup withholding in the news...
www.investorwords.com/381/backup_withholding.html www.investorwords.com/381/backup_withholding.html
Tax Form W9 and Backup Withholding - Find answers about Tax Form W9 and Backup Withholding at WorldWideWeb Tax, the first comprehensive IRS Tax Directory on the Web. ... What is Form W9 and backup withholding?
www.wwwebtax.com/general/form_w9.htm
This article from The Investment FAQ discusses tax code, specifically backup withholding. ... Once the IRS declares you a "Bad Boy" (for having underpaid or been negligent on your tax filings in other ways) they stick you with "Backup Withholding."
www.invest-faq.com/articles/tax-backup-withh.html www.invest-faq.com/articles/tax-backup-withh.html
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