withhold


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withhold

[with-hōld′]
In health insurance, to pay an amount of money only if certain services are used according to the rules of the health plan. Withholding is typically used as a financial incentive for providers and patients to limit their use of costly or elective services.
References in periodicals archive ?
Liability for Taxes and Penalties for Failure to Withhold
Scenario 2: Decreased utilization and withhold returned, resulting in an increase in revenue.
More material indicating the guilt of EPA officials in these matters was contained in the documents Olson wanted to withhold.
If the IRS issues the requested certificate, it entitles the transferee to withhold a lesser amount, or exempts the sale from withholding altogether, depending on the specific circumstances of the foreclosure sale.
When the buyer directs the escrow company to withhold the amount, or when the escrow company has assumed responsibility to withhold, it must withhold and complete Form 597, provide two copies of Form 597 to the seller, and provide one copy of Form 597 to the FTB along with the withholding payment by the due date.
Generally, a withholding agent must withhold 30% tax on FDAP income unless the agent can reliably associate the payment with documentation that the payment is made to (1) a payee that is a U.
1, escrow companies must withhold 3-1/3 percent of the sales price of any real estate sold that is more than $100,000, not a personal residence, and not a 1031 exchange, 1033 involuntary conversion or a foreclosure.
Under Dutch law, Nortem will be required to withhold tax from the final liquidating distribution to its shareholders with respect to the portion of the final liquidating distribution that is deemed a "dividend" for Dutch tax purposes.
69-136, the employer could receive abatement for the failure to withhold income taxes.
If a withholding agent cannot determine the taxable amount of OID on the redemption of an OID obligation (or on the sale or exchange of such an obligation if the principal purpose of the sale is to avoid tax), then it must withhold on the entire amount of OID accrued from the date of issue until the date of redemption (or the date the obligation is sold or exchanged), determined on the basis of the most recently revised IRS list of OID instruments as if the beneficial owner of the obligation had held the obligation since its original issue.
Domestic employers do not have to withhold income taxes for household employees, but if the employee requests, the employer may voluntarily do so by having the employee fill out a form W-4.