What should be considered as backup withholding?
1.6k views | Last modified 7/4/2022 8:17:48 AM EST | Added by ExpressTaxExempt Team

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.

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