Tax & Current Accounting Topics

Here’s what taxpayers should know about backup withholding


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IRS Tax Tip Here’s what taxpayers should know about backup withholding 

https://www.irs.gov/newsroom/heres-wh... 

https://accountinginstruction.info/

Backup withholding ensures that the government is paid the correct amount of taxes on specific types of payments reported on certain Forms 1099 and W-2G.

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Tax & Current Accounting TopicsBy Robert (Bob) Steele