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2. What Is a W-9 Form? Here’s When You Need To Fill One Out - AOL

   www.aol.com/w-9-fill-one-163112301.html

   Line 4: Fill out this section if you’re exempt from backup withholding. Payments to independent contractors are usually not exempt, according to the IRS, nor are dividends, rents, royalties or ...

3. Backup withholding - Wikipedia

   en.wikipedia.org/wiki/Backup_Withholding

   Failure to certify exemption from backup withholding for under-reported interest and dividends. Prevention and resolution. If a payer issues a "B" notice, indicating an incorrect TIN, individuals can usually prevent or stop backup withholding by providing the correct name and TIN to the payer. Certification of the accuracy of the TIN is crucial.

4. Form W-9 - Wikipedia

   en.wikipedia.org/wiki/Form_W-9

   The payer must collect withholding taxes on certain reportable payments for the IRS. However, if the payee certifies on the W-9 they are not subject to backup withholding they generally receive the full payment due them from the payer. [2] This is similar to the withholding exemption certifications found on Form W-4 for employees.

5. Can I Stop Money From Being Withheld From My Tax Returns? - AOL

   www.aol.com/stop-money-being-withheld-tax...

   Backup withholding is money deducted for federal income taxes on some payments by banks and other payers. Backup withholding amounting to 24% of a payment may be required if a taxpayer who ...

6. Tax withholding in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_withholding_in_the...

   Tax rates and withholding tables apply separately at the federal, [6] most state, and some local levels. The amount to be withheld is based on both the amount wages paid on any paycheck and the period covered by the paycheck. Federal and some state withholding amounts are at graduated rates, so higher wages have higher withholding percentages.

7. Am I Exempt From Federal Withholding? Do I Still Get a Refund?

   www.aol.com/am-exempt-federal-withholding-still...

   If you cannot claim exemption from withholding, ... 2021 for the 2020 tax year. State deadlines have not changed, however, so make sure to confirm your state’s due date before you file. ...