This FAQ applies to Flourish Cash. You can review Flourish Crypto FAQs here.
Backup withholding is imposed by the IRS for certain individuals. It requires that financial institutions withhold taxes directly from a client’s account to ensure that the government receives payment throughout the year of taxes that will be due. If you are subject to backup withholding, you would have received a notification from the IRS. Please note that this is relatively uncommon.
If you are subject to backup withholding and would like to turn it on for your Flourish Cash account(s), please call our client support team at (833) 808-5700.