Backup Withholding Explained! What Is It & When Do You Use It?
Previously we talked about what to do when you can’t get a W9 form from your independent contractor. If you’re still unable to obtain a W9 from them i.e. their refusal to provide you their SSN or EIN, you’re required to do backup withholding according to the IRS.
1099 Forms Are Due! What If You Can't Get W9 Forms? Video: https://youtu.be/UrSpIp-fU7A
IRS Backup Withholding: https://www.irs.gov/businesses/small-businesses-self-employed/backup-withholding
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