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Fbackup 96/14/2023 ![]() ![]() Certain government payments ( Form 1099-G).Payments subject to backup withholding: Backup withholding can apply to most kinds of payments reported on Form 1099, including: The Form 1099 will also report any amounts withheld under the backup withholding rules. A Form 1099 includes your name and TIN such as a social security number (SSN), employer identification number (EIN), or individual taxpayer identification number (ITIN). You may be subject to backup withholding if you fail to provide a correct taxpayer identification number (TIN) when required or if you fail to report interest, dividend, or patronage dividend income.īanks or other businesses that make certain types of payments to you must file an information return with the IRS on Form 1099 showing payments that you received during the year. ![]() When it applies, backup withholding requires a payer to withhold tax from payments not otherwise subject to withholding. ![]()
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