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 Withholding Tax Forms 20232024 Current Period Tax NY Gov 2023-2025

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ever wondered if you can refuse to fill out a W9 form in the next few seconds you'll learn the key implications of refusing a W9 the W9 form is essential for tax reporting by refusing to fill it out you may face serious consequences The Entity requesting it may withhold 24% of your earnings for federal taxes this is known as backup withholding Additionally you could miss out on job opportunities companies may consider you non-compliant refusing might also raise red flags with the IRS it's usually best to comply understanding tax laws can save you from potential issues if you have concerns consult a tax professional always be informed to make the best choice like what you see subscribe for more

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