Form W (Rev. October ). Department of the Treasury. Internal Revenue Service. Request for Taxpayer. Identification Number and Certification. ▷ Go to. Substitute Form W (IRS Rev. December ). 1 Name (as shown on your income tax return). Name is required on this line; do not leave this line blank. An individual or entity (Form W-9 requester) who is required to file an information return with the IRS must obtain your correct taxpayer identification number.
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The 2nd part of the form requires you to validate the information that you have put in the first part. 2014 w 9 form not check the Limited Liability Company box. Also indicate the tax classification of the parent LLC.
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If the LLC is owned by a single member, indicate the tax classification of the owner. Backup withholding The W-9 form also asks whether you are subject to backup withholding.
There are two common reasons for backup withholding: 2014 w 9 form payments which are reported on an information return tend not to be subject to federal income tax withholding.
What happens if a W-9 is not filled out? Falsifying information in a W-9 form may result in prosecution for criminal behavior and may even lead to your imprisonment. And lastly, if you misuse or disclose the information provided to you by 2014 w 9 form worker or vendor by medium of a W-9 form, you may be subject to civil as well as criminal penalties.
Form W-9 - Wikipedia
Therefore, when you are asked for a W-9 form by someone you are working 2014 w 9 form, it is in your best interest to do it promptly and accurately.
The specific instructions to Line 3 of the form federal tax classification are similar to 2014 w 9 form contained on the version of the Form W-9 but are now presented in a more user friendly table format.
The table now provides that for this type of account, the name and SSN of each U. Given this, the version of the Form W-9 must be used to document new payees beginning June 1, Any tax advice in this communication is not intended or written by KPMG to be used, and cannot be used, by a client or any other person or entity for the purpose of i avoiding penalties that may be imposed on any taxpayer or ii promoting, marketing, or recommending to another party any matters addressed herein.
For electronic filing, there are several requirements. Namely, a requester 2014 w 9 form establishes an electronic filing system must ensure that the electronic system provides the same information as on a paper Form W-9, 2014 w 9 form a hard copy can be supplied to the IRS on demand, that "the information received is the information sent and […] all occasions of user access that result in the submission [are documented]", that the person accessing the system and providing the information is the individual identified on the form, and that an electronic signature is used.