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Adsense Tax Withold

Discussion in 'Business & Tax Advice' started by Swooshy99, Aug 10, 2013.

  1. Swooshy99

    Swooshy99 Newbie

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    hello i have a question about adsense tax witholding. When filling out the tax forms on the w-9 there is an option that says something like

    "Check here if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. If you choose the above option, Google is required to withhold 28% of your earnings to be paid to the IRS."

    Can I check this even if I have been notified by the IRS. And if i do does that mean I don't have to worry about paying taxes at the end of the year, at least for the most part.

    PS: I'm in the USA