What Is Subject To Backup Withholding?
When it comes to tax withholding, there are a few key concepts that everyone should know. One of these is backup withholding. This is a process by which the IRS can collect tax from payees who are not subject to withholding on their income. In other words, it’s a way for the IRS to ensure that everyone pays their fair share of taxes.
So, what is subject to backup withholding? The answer is pretty …
