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Creating Backup Withholding Vouchers 2.0Supplemental Job IDATE: 09/23/2016Revision History Date Version Location Update Description 7/15/2016 2.0 Entire Document Transferred to new template, updated
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Creating backup withholding vouchers is a process where payers of certain income must withhold and pay a percentage of that income to the IRS.
Payers of certain income, such as interest, dividends, and royalties, are required to file creating backup withholding vouchers.
Creating backup withholding vouchers are filled out by providing payer information, recipient information, type of income, and the amount withheld.
The purpose of creating backup withholding vouchers is to ensure that income recipients who may have underreported income pay their fair share of taxes.
Creating backup withholding vouchers must include payer information, recipient information, the type and amount of income, and the amount withheld.
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