Backup withholding is a tax on certain nonpayroll income. Learn more about how it works, which payments it applies to and how to stop it. Many, or all, of the products featured on this page are from ...

The IRS building in Washington, D.C. The Treasury Department and the Internal Revenue Service issued proposed regulations Thursday to revise the threshold for when third-party settlement organizations ...

The US Department of the Treasury and the Internal Revenue Service (IRS) have released draft rules to change the threshold when certain third‑party settlement organisations must apply backup ...

The Treasury and the IRS issued proposed regulations on Jan. 8 to align backup withholding rules with the One Big Beautiful Bill Act's restoration of the original $20,000 and 200-transaction threshold ...

The Treasury Department and the Internal Revenue Service are giving some cryptocurrency brokers additional time to comply with requirements to withhold taxes on digital asset sales and avoid penalties ...

The IRS on Thursday issued proposed regulations (REG-112829-25) that reflect changes to the Sec. 3406 backup withholding threshold made by H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful ...