Can you explain this to me in simple terms, im dumb today

Question

I am not subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup witholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup witholding, and

Answer 1

This is good news! If you ARE "subject to backup withholding" it means you owe the IRS money + interest. Since you aren't, don't sweat it!

Answer 2

i dont get it

Answer 3

if you're dumb today... than you are smarter than me. I didn't understand any of that.

Answer 4

You owe them zip and free til next year.

Answer 5

huh?

Answer 6

are u sure ur dumb today cuz seriously i did not get that at all