Articles
Top 5 mistakes made on W-9 forms
I’ve been a CPA for over 20 years now and have seen mistakes on W-9 forms every one of those years. It seems like a simple form at first glance, but the W-9 form itself has 6 pages of instructions with almost 6,000 words. Behind those condensed instructions on the W-9 form is a massive set of IRS tax code regulations. Helping vendors and independent contractors create a correct and complete W-9 form is one of the reasons we started W9manager. #5
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- Completing W-9s (9)
- Corporation (2)
- Featured (4)
- Featured Article (2)
- Form 1099 (13)
- Individual/Sole Proprietor (4)
- LLC (3)
- Requesting W-9s (10)
Form 1099 penalties are ridiculously high. What you must do NOW to avoid them.
Implement strong procedures today, don’t wait until year-end. I know the deal, having been a controller for 20 years. You got through the 1099 season and
Avoid the penalty, 1099-MISC and 1099-NEC due dates for 2021
The importance of filing timely The IRS has gotten serious about 1099-MISC and 1099-NEC due dates. Penalties have risen significantly and they apply separately to copies sent
Does a W-9 form have to be signed?
Most companies ask for all W-9 forms to be signed. However, it is a relatively unknown fact that the IRS does not require most W-9
Am I required to complete Form W-9?
Why is my customer asking for a W-9 form? Companies that make payments in the normal course of their business are required to report certain
Penalties – failure to file correct information return by the due date
If you fail to file a correct information return (like a 1099-MISC) by the due date and you cannot show reasonable cause, you may be
IRS proposes changes to electronic reporting requirements
The IRS has proposed regulations amending the rules for determining whether information returns must be filed electronically. The proposed regulations would require that all information
What is the purpose of Form W-9?
Form W-9 is an IRS created form used by an individual or an entity, like a company, to request the taxpayer identification number (TIN) and other information from parties they
Do I have to request a W-9 from a corporation?
Summary The Internal Revenue Code (IRC) states that payments to corporations generally do not have to be reported on an information return like Form 1099-MISC.
What is the difference between an individual and a sole proprietor?
Definition of a sole proprietor The IRS defines a sole proprietor as “someone who owns an unincorporated business by himself or herself.” It is the