Hey everyone, we're going to be filling out some W-9 forms today. First, let's discuss a situation where the sole proprietor and DBA are operating under the sole proprietor's social. In another situation, they operate under a separate EIN. Either way, to get started, you need to put your full name on line one. Make sure it matches exactly how it appears on your income tax return. On line two, enter the DBA name. In section three, check the for individual sole proprietor or a single-member LLC. In section four, leave it blank as it usually does not apply. Sections five and six require your address. You can leave the requester's name and address blank if you prefer to fill it in every time you send out the form. In section seven, enter any account numbers associated with the reason for filling out the form. If there are none, leave it blank. In part one, for the taxpayer identification number, enter your social if you have one. If you have an ITIN instead, enter it in the same section. For social, sign and date the form. Now, if you are a sole proprietor with a DBA and you have an EIN, everything on the form remains the same, except you enter the EIN instead of your social. Don't forget to sign and date. If you are a sole proprietor with a DBA and don't have an EIN, I highly recommend getting one. It reduces the risk of identity theft since you won't have to send forms with your social. Many people mistakenly think an LLC or corporation is required to get an EIN, but if you're self-employed, you can obtain one online, by filling out a form with the IRS, or even over the phone. So, if you don't have...
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Who Needs W9 Form: What You Should Know
The IRS will not waive your taxes under any circumstances (except in a rare and exceptional circumstance). The IRS can also lower taxes if you submit Form W-9 as proof of your compliance with a tax law and agreement that tax liability could be waived. · Taxpayers who want to claim a W-9 waiver as a tax deduction may do so by claiming that the IRS waived part or all of their taxes due using Form W-9 and by filling out and submitting the W-9s. If you are a person who performs substantial services for yourself or your household, you may not need a W-9 form. For more information on the form and the tax ramifications of using it, please refer to the instructions for Form W-9, Waiver of Tax (Form 9040 or Form 8816).
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