Can a contractor provide a statement or evidence to show that the 4% withholding will be in excess of its tax liability? No. Any excess withholding will be refunded upon the filing of an income tax return showing an overpayment of tax....
What evidence should a payer obtain from a contractor that claims to be tax-exempt? The payer should obtain from the contractor a copy of the contractor’s federal determination letter of tax exemption or a...
