withholding$93851$ - Übersetzung nach griechisch
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withholding$93851$ - Übersetzung nach griechisch

Backup Withholding; Backup witholding

withholding      
n. παρακράτηση
withholding tax         
INCOME TAX PAID TO THE GOVERNMENT BY THE INCOME-PAYER
Withholding; Payroll withholding; Withholding taxes; With-holding tax; Retention tax; Witholding; Withholding tax; Interest withholding tax; Tax witholding; Tax withhold; Tax withheld at source; Tax withheld; Income withheld
παρακρατούμενος φόρος

Definition

withholding tax
(withholding taxes)
A withholding tax is an amount of money that is taken in advance from someone's income, in order to pay some of the tax they will owe. (mainly AM BUSINESS)
N-VAR

Wikipedia

Backup withholding

In American tax administration, backup withholding is a specified percentage (24% for tax years 2018-2025 but previously 28%) withheld by the payers to be paid to the IRS on most kinds of transactions reported on variants of Form 1099. Backup withholding may be required for several reasons, including but not limited to:

  • an improper TIN/ITIN/ATIN on the W-9
  • an IRS backup withholding order
  • certain types of payment are always subject

Banks or other businesses that pay certain kinds of income must file an information return (Form 1099) with the IRS. The Form 1099 shows how much an individual was paid during the year. It also includes the individual's name and Social Security Number (SSN) or other taxpayer identification number (TIN).

Payments reported on a 1099 are generally not subject to withholding. However, "backup" withholding is required in certain situations.