What is the current rate of backup withholding? Is it . . .
What is the current rate of backup withholding? Is it the same for foreign persons or entities?
Currently, the backup withholding rate under Internal Revenue Code Section 3406 is 28%.
Is backup withholding on nonemployee compensation required only by the . . .
Is backup withholding on nonemployee compensation required only by the federal government, or do specific states require withholding as well?
State issues are highly complicated.
Nevertheless, here is what you can do...
Each state determines its own tax law, so the rules may vary from state to state. You can link to the individual state tax websites from our site.
Why would my company need to perform backup withholding?</span></p> . . .
Why would my company need to perform backup withholding?
Backup withholding under Internal Revenue Code Section 3406 is...
What is a B-Notice?
What is a B-Notice?
A B-Notice (IRS Notice CP-2100 or CP-2100A) list is...
Once we are backup withholding from a vendor, do we . . .
Once we are backup withholding from a vendor, do we need to report the amount withheld on the Form 1099?
The total amount withheld for the year is...
When do we have to send a payee a B-Notice . . .
When do we have to send a payee a B-Notice letter and when do we start backup withholding on an account that has appeared on a B-Notice?
You have...
When we receive a completed Form W-9 from a corporation, . . .
When we receive a completed Form W-9 from a corporation, but they have neglected to check the "exempt from withholding" box, must we report to this company, even though we know they are exempt?
The IRS Form W-9 contains...
What information do I need to stop backup withholding?</span></p> . . .
What information do I need to stop backup withholding?
In order for B-Notice backup withholding to end, the payee must...
What is the difference between a First; B-Notice letter and . . .
What is the difference between a "First" B-Notice letter and a "Second" B-Notice letter?
It is up to you to determine...
A company we were backup withholding from sent us corrected . . .
A company we were backup withholding from sent us corrected information and is now requesting a refund for the amount withheld. How do we get them a refund?
The only time you may issue a refund for backup withholding is if...