Category Archives: Back-Up Withholding

*AskTaxMama Newsletter, *Tax Quips, Auto Expenses, Back-Up Withholding, Bankruptcy, Business, Depreciation, Employer ID Number, Estimated Taxes, Exempt Organizations, IRS News, ITIN, Non-Profit, Non-Profits, Sec 199A - Small Business Income Deduction, Social Security and SSDI, SSNs, Withholding

Small Business Week

Posted on by TaxMama
10
May

  TaxMama® welcomes you to Small Business Week! The IRS has been sending out all kinds of helpful information. (You know – I’m from the IRS and I’m here to help you!) Dear Family, It is, indeed, Small Business Week. And since many of you own your business, or run a business or profitable hobby […]

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*AskTaxMama Newsletter, *Tax Quips, Back-Up Withholding, Form W-9, Fraud, Independent Contractors, IRS Notices, Taxpayer ID Number

False Social Security Numbers

Posted on by TaxMama
02
May

Today TaxMama® hears from Lue with a question that is more common than you may realize.” A friend  who’s been doing work for my husband regularly for the past two years knowingly gave him a false Social Security Number. We were just notified of this by the IRS. He won’t provide us with a real […]

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*Tax Quips, Back-Up Withholding, Self-Employed

Withholding from Contractor

Posted on by TaxMama

Today TaxMama® hears from Robert in the TaxQuips Forum who is suspicious. “I am a 1099’ed contract driver. I recently noticed they are taking taxes out of my check. I was told that they take taxes out, then make quarterly payments to federal income tax. I have worked as contract labor before and they didn’t […]

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*Tax Quips, Back-Up Withholding, Settlements, Withholding

Malpractice Settlement

Posted on by TaxMama

Today TaxMama® hears from Peter in the TaxQuips Forum with this story “I have just settled an attorney malpractice litigation where a small settlement was received. The insurance company wants my Social Security Number, which I feel is not needed. My position is that I am only recovering a fraction of what the attorney was […]

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