Get Instructions For Employee (also See Notice To Employee, On The Back Of Copy B - Budgetingandpayroll

When it applies, backup withholding requires a payer to withhold tax from payments not otherwise subject to withholding. You may be subject to backup withholding if you fail to provide a correct taxpayer identification number (TIN) when required or if you fail to report interest, dividend, or patronage dividend income.

What this notice is about. The payee's name and taxpayer identification number (TIN) on your information return is missing or doesn't match our records. You may need to begin backup withholding on these payee accounts if you haven't already done so.

204 and the required "B" Notice which is a backup withholding notice within 15 business days. The "B" Notice will: Request a response date within 30 business days from the date the agency/department received the IRS notice. Include date, taxpayer name, TIN, backup withholding rate, and return to information.

204 and the required "B" Notice which is a backup withholding notice within 15 business days. The "B" Notice will: Request a response date within 30 business days from the date the agency/department received the IRS notice. Include date, taxpayer name, TIN, backup withholding rate, and return to information.

W-2, Box 12 Codes Box 12 CodeDescriptionAADesignated Roth contributions under a section 401(k) planBBDesignated Roth contributions under a section 403(b) planDDCost of employer-sponsored health coverage. The amount reported with code DD is not taxable.26 more rows

You can also contact your employer or the payer of your pension or annuity. They should be able to tell you whether or not backup withholding is being deducted from your payments. Finally, you can call the IRS directly at 1-800-829-1040—they can tell you whether or not backup withholding is in effect for you.

Box 12 amounts with the code DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan. Code DD amounts are for informational purposes only—they don't affect the numbers in your tax return.

How to prevent or stop backup withholding. To stop backup withholding, you'll need to correct the reason you became subject to backup withholding. This can include providing the correct TIN to the payer, resolving the underreported income and paying the amount owed, or filing the missing return(s), as appropriate.