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Reduced 24-percent withholding rate applies to small businesses and other payers; Revised backup withholding publication features helpful FAQs

by IRS | Oct 21, 2018   ()

The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov. Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), posted last month on IRS.gov, has been updated to reflect a key change made by the Tax Cuts and Jobs Act (TCJA). 
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Source: IRS
Source: IRS

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