Category: Requesting W-9s

What is backup withholding?

What is backup withholding?

Under certain circumstance an entity making payments in the normal course of business to a United States individual or an entity will be required to withhold

Read More »
What is a TIN number?

What is a TIN number?

A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. It is issued

Read More »
What is the purpose of Form W-9?

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

Read More »
What is a disregarded entity?

What is a disregarded entity?

Here is the IRS definition of a disregarded entity from the “Specific Instructions” section of Form W-9: Disregarded entity. For U.S. federal tax purposes, an

Read More »
Are electronic W-9s legal?

Are electronic W-9s legal?

Yes, electronic W-9s are legal as long as IRS guidelines are followed.  Here is what the IRS says about the electronic submission of Forms W-9

Read More »