| To withhold tax from 1099 cantractors you need to set up an account with Electronic Federal Tax Payment System(EFTPS) www.eftps.com. |
Backup withholding from contractor |
Estimated tax payments |
Taxpayers who have income that is not subject to withholding such as; self-employment, interest, dividends, rents, and alimony, must determine whether they are required to make estimated payments. |
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24 September 2009 |
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| Topic: Advice |