Is Backup Withholding Bad?
The Backup Withholding Tax, also known as the backup withholding tax, is a federal income tax that is applied to certain payments made to a payee who is not subject to withholding of income tax at the time of payment. This tax is intended to act as a backup to ensure that the payee pays the correct amount of tax on the income they receive.
The backup withholding tax is generally applicable to certain types of …
