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IRS B Notice

If you've ever received a B Notice from the IRS, you may be wondering what it means. Simply put, a B Notice
IRS Notice

If you’ve ever received a B Notice from the IRS, you may be wondering what it means. Simply put, a B Notice is a warning from the IRS that your name and taxpayer identification number (TIN) don’t match up with their records. This can happen for a number of reasons, including typos, name changes, and even identity theft.

One consequence of receiving a B Notice is that the IRS may require your payer to withhold taxes from your payments using Form W-9. This is known as backup withholding, and it’s typically set at a rate of 24%.

To avoid backup withholding, it’s important to ensure that your TIN matches the name you use on your tax return. If you receive a B Notice, take action immediately to correct the discrepancy, whether it’s by contacting your payer or updating your information with the IRS.

In summary, a B Notice is a warning from the IRS regarding a mismatch between your name and TIN. To avoid backup withholding, make sure your information is up to date and accurate.

Desert Financial and Tax Services provides financial guidance and tools to aid individuals in becoming debt-free. Contact us today for more information! (928) 315-0040.

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