What is backup withholding?
Backup withholding is a tax withholding requirement for certain payments made to independent contractors and other service providers. The requirement to withhold backup withholding applies to payments for services rendered in the United States, regardless of the payee’s country of residence.
What is exempt from backup withholding?
The Backup Withholding for Missing and Incorrect Social Security Numbers (Form W-9) (PDF) exemption applies to certain payments made to independent contractors and other service providers. The exemption applies …
