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Re: newflow post# 690714

Saturday, 07/02/2022 8:57:06 AM

Saturday, July 02, 2022 8:57:06 AM

Post# of 734523
Newflow, to my understanding, when they filed that they were Winding Down and the Trust was Closed that was a False. It was the Start of The Close, “ Winding Down.” Then they Amended to Dissolve and then “ Wind Up. “ To Close and Then Sell the Assets.
Also, I this might help others understand why we signed a W-9 Form. Thank you for All of what you’ve Done. I Appreciate You!
Backup Withholding
What is backup withholding? Persons making certain payments to you must under certain conditions withhold and pay to the IRS 24% of such payments. This is called “backup withholding.” Payments that may be subject to backup withholding include interest, tax-exempt interest, dividends, broker and barter exchange transactions, rents, royalties, nonemployee pay, payments made in settlement of payment card and third party network transactions, and certain payments from fishing boat operators. Real estate transactions are not subject to backup withholding.
You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN, make the proper certifications, and report all your taxable interest and dividends on your tax return.
Payments you receive will be subject to backup withholding if:
1. You do not furnish your TIN to the requester,
2. You do not certify your TIN when required (see the instructions for Part II for details),
3. The IRS tells the requester that you furnished an incorrect TIN,
4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only), or
5. You do not certify to the requester that you are not subject to backup withholding under 4 above (for reportable interest and dividend accounts opened after 1983 only).
Certain payees and payments are exempt from backup withholding.
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