An IRS B Notice will be sent out to any Members who have provided us with a legal name and/or Taxpayer Identification Number that does not match what the IRS has on file. The B Notice is an attempt to correct the information we have on file to match the IRS records. If the Member does not provide a timely response to the B Notice, IRS rules require us to impose a backup withholding at a rate of 28% on all future gross payment card transaction amounts owed to the Member. As required by law, all monies withheld will be promptly remitted to the IRS.