What should be considered as backup withholding?
2.0k 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.