May 15-17, 2022 | Disney's Yacht and Beach Resort | Walt Disney World Resort®, FL

Form W-9 Due Diligence, Illustrated

Marianne Couch
30 Aug 2021
1:30 pm - 2:30 pm
Marianne Couch, J.D.

COKALA Tax Information Reporting Solutions, LLC

Form W-9 Due Diligence, Illustrated

This new tax compliance session provides real-world answers for the challenges the IRS Form W-9 presents when vendors furnish it to you with conflicting or inadequate information. Step by step, illustrated with numerous examples drawn from actual vendor submissions of the W-9, you’ll learn how to apply IRS regulatory compliance requirements to reach correct determinations of whether a vendor is 1099-NEC or 1099-MISC reportable or exempt, what’s the true reportable Name to use on the 1099, whether you must retain 24% of a payment as backup withholding, and how to correctly sort various LLC designations, C and S corporations, sole proprietors, disregarded entities, and the confusing “Other” box in line 3.

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