The 1099 misc backup withholding is a process that is used to ensure that the correct amount of tax is withheld from payments that are made to independent contractors. This process is used as a backup to the regular 1099 misc withholding that is done during the year.
The 1099 misc backup withholding is done by taking into account the total amount of payments that are made to the contractor, as well as the amount of federal and state tax …
