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Creating Backup Withholding Vouchers 1.0Supplemental Job IDATE: 09/23/2014Target Audience: Department AP ProcessorPurpose: This Supplemental Job Aid details the process for paying a vendor that does
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Creating backup withholding vouchers is a process of withholding a specific percentage of certain payments to individuals or entities to ensure taxes are paid.
Payers who make payments subject to backup withholding are required to file creating backup withholding vouchers.
Creating backup withholding vouchers are typically filled out by providing payer information, recipient information, payment details, and the amount withheld.
The purpose of creating backup withholding vouchers is to ensure that taxes are paid on certain payments, even if the recipient fails to provide a valid taxpayer identification number.
Creating backup withholding vouchers must report payer information, recipient information, payment details, and the amount withheld.
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