Finance Questions » income tax return http://www.finance-questions.com Sun, 14 Aug 2011 17:56:55 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 http://www.finance-questions.com http://www.finance-questions.com/wp-content/plugins/maxblogpress-favicon/icons/favicon-48.ico Finance Questions Backup Withholding http://www.finance-questions.com/2008/01/withholding/ http://www.finance-questions.com/2008/01/withholding/#comments Wed, 02 Jan 2008 12:18:30 +0000 admin http://www.finance-questions.com/2010/07/withholding/
What is the current percentage rate for Backup Withholding and what payments are subject to backup withholding? The current IRS backup withholding rate is 28%. The following payments are subject to backup withholding:  Interest reportable on Form 1099-INT, Interest Income. Dividends reportable on Form 1099-DIV, Dividends and Distributions. Original issue discount reportable on Form 1099-OID, [...]

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