What should be considered as backup withholding?
1.7k views |
Last modified 1/16/2023 3:14:22 AM EST |
990-PF 990-N 990-EZ 990 8868 1120-POL
A taxpayer identification number must generally be certified if a taxpayer has paid his interest or dividend. If the payer doesn't receive this information, a part of the payment received by the organization will be withheld as backup withholding. So if an organization is filing Form 990-PF and has an amount as backup withholding, the organization can claim credit for the amount withheld.