{"id":78,"date":"2019-07-30T12:41:01","date_gmt":"2019-07-30T12:41:01","guid":{"rendered":"https:\/\/pages.globalpaymentsintegrated.com\/helpcenter2020\/1\/am-i-exempt-from-backup-withholding\/"},"modified":"2021-05-26T14:14:54","modified_gmt":"2021-05-26T14:14:54","slug":"am-i-exempt-from-backup-withholding","status":"publish","type":"post","link":"https:\/\/help.globalpaymentsintegrated.com\/1\/getting-started\/am-i-exempt-from-backup-withholding\/","title":{"rendered":"Am I exempt from backup withholding?"},"content":{"rendered":"<p>It is very unlikely that you are exempt from backup withholding, but some groups and types of transactions are exempt.<\/p>\n<h3>Groups exempt from backup withholding<\/h3>\n<ul>\n<li>Government agencies<\/li>\n<li>Non-profit organizations<\/li>\n<li>Banks and corporations<\/li>\n<\/ul>\n<h3>Transactions exempt from backup withholding<\/h3>\n<ul>\n<li>Real estate transactions<\/li>\n<li>Foreclosures and abandonments<\/li>\n<li>Cancelled debts<\/li>\n<li>Distributions from Archer Medical Savings Accounts (MSAs)<\/li>\n<li>Long-term care benefits<\/li>\n<li>Distributions from any retirement account<\/li>\n<li>Distributions from an Employee Stock Ownership Plan (ESOP)<\/li>\n<li>Cash payments for fish<\/li>\n<li>Unemployment compensation<\/li>\n<li>State or local income tax refunds<\/li>\n<li>Qualified tuition program earnings<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>It is very unlikely that you are exempt from backup withholding, but some groups and types of transactions are exempt. Groups exempt from backup withholding Government agencies Non-profit organizations Banks and corporations Transactions exempt from backup withholding Real estate transactions Foreclosures and abandonments Cancelled debts Distributions from Archer Medical Savings Accounts (MSAs) Long-term care benefits [&hellip;]<\/p>\n <div style=\"margin-bottom:20px;\" class=\"page-blu\"><a class=\"moretag\" href=\"https:\/\/help.globalpaymentsintegrated.com\/1\/getting-started\/am-i-exempt-from-backup-withholding\/\">Read More <\/a><\/div>","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[184,36,6],"tags":[191,185,195,192,196,197],"_links":{"self":[{"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/posts\/78"}],"collection":[{"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/comments?post=78"}],"version-history":[{"count":0,"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/posts\/78\/revisions"}],"wp:attachment":[{"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/media?parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/categories?post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/help.globalpaymentsintegrated.com\/1\/wp-json\/wp\/v2\/tags?post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}