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FAQ

How do I know if I am not subject to backup withholding?
You should not be subject to backup withholding if you provide your correct TIN/SSN, make the proper certifications, and report all your taxable interest and dividends on your tax return to the IRS.
What is a backup withholding C notice?
A "C" notice is a backup withholding notice from the IRS stating that the non-employee has understated income and is subject to backup withholding.
How does the IRS notify you of backup withholding?
The IRS notifies the payer that the TIN you gave is incorrect. The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. The IRS will do this only after it has mailed you four notices over at least a 120-day period.
What is I am not subject to backup withholding because?
Most people are not subject to federal backup withholding. You fail to furnish your taxpayer identification number on Form W9. You provide the wrong taxpayer identification number. You ignore notices from the IRS claiming that you have under reported interest or dividend income on your tax return.
What is a first B notice?
A first B Notice is defined as a name and TIN combination that hasn't been identified in a B Notice received within the last three calendar years. Payees identified in a first B Notice must complete a valid Form W-9 and submit that form to the filer in order to avoid backup withholding.
How do you know if you are subject to backup withholding?
You may be subject to backup withholding if you fail to provide a correct taxpayer identification number (TIN) when required or if you fail to report interest, dividend, or patronage dividend income.
How do I know if I have backup withholding?
If you are subject to backup withholding tax, the IRS will typically notify you to let you know. If you haven't been notified that you're subject to backup withholding tax, you may be exempt, so it's important to check if you haven't received a notice.
How is backup withholding reported?
If you had income tax withheld under the backup withholding rule, report the federal income tax withholding (shown on Form 1099 or W-2G) on your return for the year you received the income.
How do I get back my backup withholding?
As with any overpayment, your backup withholding tax can be refunded. When federal income tax is withheld from your income, it will be reported as such on Form 1099. This is then reported as taxes withheld at the end of the tax year when you file your federal return. If you've overpaid, you'll receive a refund.
Have you been notified by the IRS that you are subject to backup withholding?
Any of the following reasons may cause your account to be subject to backup withholding. You received specific notification from the IRS stating that you are subject to backup withholding. You fail to furnish your taxpayer identification number on Form W9. You provide the wrong taxpayer identification number.
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