FAQ: Backup Withholding

What payments are subject to Backup Withholding?

1. Rent and commissions, fees or other form of compensation for services, and other fixed or determinable gains, profits, or income payments reportable on Form 1099-MISC, Miscellaneous Income.
2. Interest reportable on Form 1099-INT, Interest Income.
3. Dividends reportable on Form 1099-DIV, Dividends and Distributions.
4. Gross proceeds reportable on Form 1099-B, Proceeds From Broker and Barter Exchange Transactions.
5. Royalties reportable on Form 1099-MISC, Miscellaneous Income.
6. Gross Proceeds paid to attorneys reportable on Form 1099-MISC, Miscellaneous Income.
7. Grant payments made by governments reportable on Form 1099-G.