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Back-up withholding is usually required when an individual has not reported income from interest or other sources to the IRS. That individual is then notified by IRS that they will be subject to back-up withholding, they also notify financial institutions to start withholding interest, to be submitted to the IRS. So you would normally check that you are not subject to back-up withholding.
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Yoanna United States Local time: 09:54 English to Polish + ...
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Thank you Gisela!
Nov 24, 2004
I will leave it blank, then.
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sarahl (X) Local time: 08:54 English to French + ...
Not for us
Nov 24, 2004
Hi Yoanna, I just filled one of those. That section does not apply to us. If you're a sole proprietor, all they want is your name, your DBA if you have one, and your SSN. Luck, Sarah
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Yoanna United States Local time: 09:54 English to Polish + ...
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Thanks Sarah,
Nov 24, 2004
That's exactly what I filled out, thank you for your help. PS. My specialty is insurance, not taxes
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