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Backup withholding

An IRS procedure designed to ensure that a taxpayer who does not have a Social Security number or Tax identification number will still have taxes withheld on his/her income.

Related Terms: 10 ECU, FICA, Inc., Payer, ROC, ROCE, SEC, Social Security, Tax, Tax identification number
Other Related Pages: Category: Taxes Starting With: B
Semi Related Terms: 322 CLICK HERE TO VIEW
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