Used in the context of securities, this refers to the illegal practice of a public offering participant keeping some shares in a private account or with a family member, employee, or dealer to profit from the higher market price of a hot issue Used in the context of taxes, this refers to the withholding by an employer of a certain amount of an employee's income in order to provide for that employee's tax liability Also used to refer to the withholding by corporations and financial institutions of a flat 10% of interest and dividend payments due to securities holders
the act of holding back or keeping within your possession or control; "I resented his withholding permission"; "there were allegations of the withholding of evidence"
Taxes that employers withhold from employees paychecks They are credited against the employees tax liabilities when they file their returns Employers withhold federal income tax, state income tax, Social Security tax, and Medicare tax
Deduction from your paycheck to cover the estimated amount of taxes you are going to owe during a year
Used in the context of securities, the illegal practice of a public offering participant keeping some shares in a private account or with a family member, employee, or dealer to profit from the higher market price of a hot issue Used in the context of taxes, the withholding by an employer of a certain amount of an employee's income in order to cover the employee's tax liability Also used to refer to the withholding by corporations and financial institutions of a flat 10% of interest and dividend payments due to security holders
Federal income tax that must be deducted from distributions unless the recipient elects otherwise under IRS rules
A state mandated 3% withholding is applied to each annual appropriation the University receives as a contingency against possible state shortfalls in revenue Withholdings in addition to the normal 3% are one-time reductions in state funding to cover extraordinary state shortfalls
Amounts automatically set aside by a fund's custodian and sent to the IRS You must provide a certified Tax Identification Number when you open an account to avoid withholding on your MainStay Funds (Also called "back-up withholding ")
– If you are an employee, your employer probably withholds income tax from your pay Other taxes withheld include social security and Medicare taxes How much is withheld from your pay depends on your income and the information you provided on Form W-4 Tax may also be withheld from certain other income – including pensions, bonuses, commissions, and gambling winnings In each case, the amount withheld is paid to the Internal Revenue Service (IRS) in your name
Action by a broker-dealer whereby an allotment of securities in a public offering is retained for its own purposes If the offering is a hot issue, this action may be a violation of the Rules of Fair Practice of the National Association of Securities Dealers (NASD)
Portion of an employee's wages used to pay taxes, insurance, dues and other deductions
An employer deducts a portion of employee wages, usually for income taxes Employers base the withholding amounts on the Form W-4, Employees Withholding Allowance Certificate, that employees submit when commencing employment A Treasury account at a bank is the repository for withholding amounts and is a credit toward future tax liability for the calendar year
the act of deducting from an employee's salary the act of holding back or keeping within your possession or control; "I resented his withholding permission"; "there were allegations of the withholding of evidence
income tax withheld from employees' wages and paid directly to the government by the employer
The part of your earnings that your employer sends directly to the federal, state, or local government as partial payment of your expected tax for the year
A tax deducted from a salary, wage, or other income on behalf of the government at the time of payment of wages to the person who pays it
Also known as the FIT: federal income tax withholding This is pay-as-you-earn taxation Taxes are taken out of your wages or other income before you receive the money They are deposited in an IRS account and you are credited for these taxes when you file your return Taxes also may be withheld from other income, such as dividends and interest
A withholding tax, also called a retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government
A deduction of tax at source from the amount paid out to an investor Required by Revenue Canada for certain amounts paid out to foreign residents and on registered plans
Tax at source For instance, used in connection with withholding tax on interest, i e the interest is disbursed after deducting withholding tax (coupon tax)
A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country Tax levied on dividends paid abroad
A tax on income that is deducted at source and which the borrower is legally obliged to deduct from its payments of interest on the issued security Writer An individual who sells an option Back to Top
In the context of offshore transactions, a government's imposition of a tax on distributions being made to foreigners The purpose of the tax is to allow the government to make sure it exacts its share of a taxable event before the wealth leaves its shores and moves beyond its control Thus, when a Dutch owner sells his U S condo or office building, the IRS will require that a certain portion of the sale proceeds be taken out to satisfy taxation obligations prior to releasing the remaining proceeds to the Dutch seller Tax treaties between countries vary the basic rates accordingly Tax havens like Nevis have no withholding taxes
The Internal Revenue Service (IRS) requires financial institutions to report all client's social security numbers, interest and dividend payments and sale proceeds This practice applies to all US citizens and resident aliens Those clients who have not furnished a W-9 or W-8 form to the institution are subject to withholding tax--also known as "backup withholding"
Also known as Resident Withholding Tax (NZRWT) The amount the IRD takes from investment interest as prepaid income tax You are required to give the institution your IRD number, or else a punitive withholding tax is applied by the IRD Unless otherwise stated, all rates on this web site are before tax, and before any other charges
The amount of money a financial institution is legally obliged to withhold at source and remit to Canada Customs and Revenue Agency (formerly Revenue Canada) on funds withdrawn from an RRSP, or on RRIF income payments which exceed the minimum annual income payment amount
A tax deducted from a worker's wages Usually used to refer only to the household worker's federal, state, and local income taxes that are deducted from wages, but sometimes used to refer to all taxes deducted from wages
A federal tax on the returns of moveable property, lottery winnings and insurance benefits which is levied at source and which is refunded by the Swiss Confederation or the relevant canton to the recipients of payments that have been diminished by such taxation in accordance with the Federal Law on Withholding Tax
Tax deducted from overseas investment income The tax can often be claimed back, either at source or via a reclaim process See also double taxation relief
The amount of money a financial institution is legally obliged to withhold at source and remit to Revenue Canada on funds withdrawn from an RSP, or on RIF income payments which exceed the minimum annual income payment amount Top of Page
A withholding tax is an amount of money that is taken in advance from someone's income, in order to pay some of the tax they will owe. money that is taken out of your wages as tax
A system whereby payments of interest and dividend earnings financial institutions report to the Internal Revenue Service are matched against the income individuals report
Withholding and paying the IRS 31% or 30 5% of certain payments made to you, including payments from distributions and redemption proceeds Certain payments you received will be subject to backup withholding if: You did not furnish your Taxpayer Identification Number (TIN) to AIM The IRS notified AIM that you furnished an incorrect TIN The IRS notified you that you are subject to backup withholding because you failed to report all interest and dividends on your tax return You did not certify to AIM that you are not subject to backup withholding The backup withholding rate is 31%, prior to August 7, 2001 As of August 7, 2001, the withholding rate is 30 5% Backup withholding is claimed when filing your tax return and will either increase the amount of your tax refund or decrease the amount of additional tax you may owe
Tax withheld from investment income, such as interest and dividends, to ensure that tax is collected on the income Banks and other organizations are required to report to the IRS all interest and dividend payments you received, along with your Social Security number or other taxpayer identification number If you don't give them correct reporting information for you, they are required to withhold 31 percent of your investment income The IRS may also require the bank or other organization to withhold tax if it determines you have underreported your investment income If backup withholding is taken out of your earnings, it will show up as "Federal income tax withheld" on the Form 1099-INT or Form 1099-DIV that the bank sends you each January
Unless a Social Security or Tax Identification number is filed with a financial institution, the Internal Revenue Service requires 20% of all interest or dividend income be withheld Backup withholding may be avoided by filing a W-9 form when opening an account with a financial institution
Usually Federal Income Tax (FIT) withheld from interest payments to a customer's bank account when no Social Security Number is on file Financial institutions are required to deposit and report this withholding with their federal payroll taxes on Form 945 Banks, savings and loans, and similar types of institutions are required by law to withhold 31% of taxable interest or dividends paid on accounts that have failed to furnish correct taxpayer identification numbers (Social Security numbers)
Those who make payments to others of interest, dividends, rents, royalties, etc , must, under certain circumstances, withhold income tax from the payment For example, if you fail to provide your bank with your taxpayer identification number, the bank is required to withhold income tax from the interest it pays you
The withholding of taxes (at a 31% rate) on disbursements from a client's mutual fund if the client or back office has not supplied the fund company with a correct TINor if the fund is notified that the client has underreported their income to the IRS There are four types of backup withholding: 1) applied for ( the client has applied for, but not yet received their TIN), 2) B Notice, 3) C Notice, 4) Noncertification
The portion of the monthly capitation payment or fee schedule amount to physicians withheld by an HMO until the end of the year or other time period to create an incentive for efficient care The withhold is "at risk " If the physician (or group of physicians) exceeds utilization norms, he/she does not receive it It serves as a financial incentive for lower utilization The withhold can cover all services or be specific to hospital care, laboratory usage or specialty referrals
A percentage of payment to the provider held back by the HMO until the cost of referral or hospital services has been determined Physicians exceeding the amount determined as appropriate by the HMO lose the mount held back The amount of withhold returned depends on individual utilization by the gatekeeper; referral patterns through the year by the gatekeeper, groups of physicians or the overall plan pool: and financial indicators for the overall capitated plan
hold back; refuse to hand over or share; "The father is withholding the allowance until the son cleans his room" retain and refrain from disbursing; of payments; "My employer is withholding taxes
Scientology An unspoken, unannounced transgression against a moral code by which the person was bound Something the preclear did that he or she is not talking about A withhold is always the manifestation which comes after an overt Any withhold comes after an overt See also moral code; overt act
Means a percentage of payment or set dollar amounts that are deducted from the payment to the physician group/physician that may or may not be returned depending on specific predetermined factors
A percentage of providers' fees that managed care companies hold back; the withhold is only paid if the amount of care provided is under a budgeted amount for a specific time period, such as quarterly or yearly
Money withheld by an insurance company from a physician's fee to cover exceeding preset cost targets Withholds can be for several different targets and may be based upon pharmacy costs, laboratory or xray testing, emergency room visits, hospitalizations, surgeries, or consultations to name just a few
A percentage of payment to a provider held back by an HMO (or other entity) until the cost of the physicians referrals, hospital, or ancillary services has been determined Physicians exceeding the amount determined as appropriate by the HMO lose the amount withheld
an unspoken, unannounced transgression against a moral code by which the person was bound Something the preclear did that he or she is not talking about A withhold is always the manifestation which comes after an overt Any withhold comes after an overt See also moral code; overt act
A percentage of a provider's payment that is "held back" during the plan year to offset or pay for any cost overruns for referral or hospital services Any part of the withhold not used for these purposes is distributed to providers
That portion of the monthly capitation payment to physicians withheld by an HMO to create an incentive for efficient care A physician who exceeds utilization norms does not receive the withheld amount This system serves as a financial incentive for lower utilization
A percentage of providers' fees that managed care companies hold back from providers which is only given to them if the amount of care they provide (or that the entire plan provides) is under a budgeted amount for each quarter or the whole year
That portion of the monthly capitation payment to physicians withheld by an HMO to create an incentive for efficient care A physician who exceeds utilization norms does not receive the withheld amount This system serves as a financial incentive for lower utilization The withhold can cover all services or be specific to hospital care, laboratory usage, or specialty referrals
means a percentage of payments or set dollar amounts that are deducted from a the service fee, capitation or salary payment, and that may or may not be returned, depending on specific predetermined factors
If you withhold something that someone wants, you do not let them have it. Police withheld the dead boy's name yesterday until relatives could be told Financial aid for Britain has been withheld. to refuse to give someone something (with + hold)