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Old 02-08-2007, 10:02 AM
Marc H Marc H is offline
Senior Member
 
Join Date: Jul 2004
Location: Washington DC
Posts: 248
Default Re: Be prepared for a witholding of taxes ?

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I guess that when you supply your SS#, as part of this "orderly repayment", you can expect some witholding for IRS purposes.

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Withholding is done with regard to *income tax*. How in hell would Neteller and/or the IRS be able to determine what % of these monies constitute "income"?