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 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 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 ...

Billions of dollars in underreported taxes by employers and backup withholding for their employees are helping fuel the tax gap, according to a new report. The report, released Thursday by the ...