Problem $9-6$

Withholding Methods $($LO $9\mathrm{.}2)$

Cassie works at Capital Bank and is in charge of issuing Forms $1099$ to bank customers.

Help Cassie by selecting either "Yes" or $"$No$"$ regarding the possible situations that may require the bank to implement backup withholding on a customer.

a$.$ The taxpayer does not provide his or her taxpayer identification number.

b$.$ The taxpayer fails to certify that he or she is not subject to backup withholding.

c$.$ The IRS informs the bank that the taxpayer's return has been selected for an audit.

d$.$ The IRS informs the bank to start withholding because the taxpayer has not reported the income on his or her tax return.

e$.$ The IRS informs the bank that the taxpayer gave an incorrect identification number.