enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. 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.

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

   www.aol.com/news/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 ...

4. Is My Business Tax-Exempt? - AOL

   www.aol.com/finance/business-tax-exempt...

   Employment tax: Tax-exempt businesses with employees must withhold Federal Income Tax Withholding (FITW) from employee wages and contribute to Social Security and Medicare taxes (FICA). Non-501(c ...

5. Tax withholding in the United States - Wikipedia

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

   Withholding tax on payments to foreign persons, and; Backup withholding on dividends and interest. The amount of tax withheld is based on the amount of payment subject to tax. Withholding of tax on wages includes income tax, social security and medicare, and a few taxes in some states.

6. Interest and Dividend Tax Compliance Act of 1983 - Wikipedia

   en.wikipedia.org/wiki/Interest_and_Dividend_Tax...

   It amended the Tax Equity and Fiscal Responsibility Act of 1982 to repeal, as of June 30, 1983, provisions which require the withholding of tax on interest and dividends. It provided a system of backup withholding for taxpayers who underreport interest and dividend income or who fail to provide accurate taxpayer information.

7. Am I Tax Exempt? How to Tell - AOL

   www.aol.com/am-tax-exempt-tell-140052540.html

   You could, however, get out of paying income tax if you're deemed tax-exempt by the Internal Revenue Service (IRS). But what does tax-exempt mean exactly? In simple terms, if you …

8. 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.

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

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

   “The employer is still required to withhold FICA (Federal Insurance Contributions Act) and Medicare, as well as state and local withholding,” said Mike Savage, CPA and CEO of 1-800Accountant ...