Not Subject To Backup Withholding
Backup withholding is a required withholding of federal income tax from certain payments. These payments may include wages, pensions, annuities, and other payments. The purpose of backup withholding is to ensure that the payer has the correct payee information and to collect tax from payees who may not be withholding tax from their payments.
There are some payments that are not subject to backup withholding. These payments include payments for services performed by a nonresident …
