W-9 Tax form question...need help please

Discussion in 'Accounting and Taxes' started by BrokeLoser, May 6, 2015.

  1. BrokeLoser

    BrokeLoser
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    I'm helping my brother out with his new business. He has an S-corporation with a dba / fictitious business name.
    When he fills out a W-9 form for a customer he puts his corp name on line 1 and his dba name on line two. Can he have the customer write the checks payable to the dba or is the customer required to write checks payable to the corp name?
     
  2. Joseph.Shivell

    Joseph.Shivell
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    Are you sure the W-9 is what you need? The W-9 is a request for a Taxpayer ID number. No checks need to be written for this form, so your question makes no sense. This is the form that employees give to their employer so the employer has an ID# for tax purposes. Why is he giving the customer a W-9?
     
  3. pooja.lily

    pooja.lily
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    Form W-9—Request for Taxpayer Identification Number and Certification—is one of the most commonly used IRS forms. If you’ve ever been an employee of a company, you’ve probably completed a Form W-9. True to its name, individuals and entities use the form to provide their taxpayer identification number to entities that will pay them income during the tax year. Your employer uses your W-9 for payroll purposes but doesn't send the form to the Internal Revenue Service. The information is used to prepare employee paychecks during the year and W-2 forms at the end of the year. If you have your own business or work as an independent contractor, a client may request that you provide a W-9 so they can accurately report the payments they make to you.

    More information Click Here
     
  4. BrokeLoser

    BrokeLoser
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    My brother owns XYZ Plumbing who does contract work for ABC Property Management.
    ABC Property Management requests a W-9 from all contractors that do contract work for them so they can properly report monies paid out. (so they think)
    ABC Property Management does not legally need to report monies paid out to corporations. We just supply them with a W-9 when they ask rather than debate the need with them; it is usually a form that is part of a multi-page application they request be executed.
     

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