Tag Archives: Back Up Withholding

What IS Back Up Withholding, Anyway?

Today TaxMama hears from Janet in Anaheim, CA who is perplexed. “My husband’s business received a notice from the IRS. It said that a contractor’s taxpayer ID number on the 1099s we filed last year is incorrect. Now, IRS says I have to file a notice to the contractor within 15 days. But, this guy […]