What should be considered as backup withholding?
2.1k views | Last modified 12/27/2023 12:56:40 AM EST |

Applicable To
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.

Was this helpful? Yes No

Tax990 Support

Need more help?

Get in touch with our dedicated support team Contact Us