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AhaBulb: Stuff Everyone Should Know · ahabulb.com/founder-w9-and-backup-withholding

A contractor won't give you their taxpayer ID on Form W-9. What must you withhold from their payments?

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  1. 7.65% for Social Security and Medicare
  2. Nothing, contractors are never withheld
  3. 24% backup withholding

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References

  1. IRS: Forms and associated taxes for independent contractors www.irs.gov/businesses/small-businesses-self-employed/forms-and-associated-taxes-for-independent-contractors Checked 2026-10-11.
  2. IRS: Forms and associated taxes for independent contractors www.irs.gov/businesses/small-businesses-self-employed/forms-and-associated-taxes-for-independent-contractors Checked 2026-10-11.

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