We stop backup withholding when you correct your records. We cannot return your funds to you until you file your taxes for the corresponding year. For example:
- If the IRS instructed us to withhold your funds in December 2017, we will not be able to return the funds to you until you file your taxes for 2017.
- If the IRS instructed us to withhold your funds in January 2018, we will not be able to return the funds to you until you file your taxes for 2018.
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Tags: withheld funds, b notice, file taxes, release funds, backup withholding