Common use of Exempt From Backup Withholding Clause in Contracts

Exempt From Backup Withholding. If you are exempt, enter your name as described above and check the appropriate box for your status, then check the “Exempt from backup withholding ” box in the line following the business name, sign and date the form. Generally, individuals (including sole proprietors) are not exempt from backup withholding. Corporations are exempt from backup withholding for certain payments, such as interest and dividends. Note: If you are exempt from backup withholding, you should still complete this form to avoid possible erroneous backup withholding. Exempt payees. Backup withholding is not required on any payments made to the following payees:

Appears in 4 contracts

Samples: Agreement, Agreement, www.atlanticadvantage.com

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