Learn the regulatory requirements for soliciting Form W-9 from payees; how to review a payee’s W-9 to correctly determine whether that payee is reportable on Form 1099 or is an exempt recipient; how to determine the correct name to pull from the W-9 and use as “Recipient” on the Form 1099; and whether the W-9 you’ve received contains elements that make it unreliable. We’ll cover:
- Which payees are required to furnish Form W-9?
- What makes a W-9 form acceptable and what indicates it’s unreliable?
- How long is a W-9 valid?
- How can you tell if a payee is exempt from being reported?
- What is an LLC, why are there variations in LLC status and what do they mean for Form 1099 reporting?
- Solicit IRS Form W-9 from payees according to IRS requirements
- Review Forms W-9 for required information or signs of unreliability
Marianne Couch, JD - Principal, Cokala Tax Information Reporting Solutions, LLC
Marianne Couch, JD, a Principal in the Cokala Tax Group, is an advisor on U.S. federal information reporting compliance. She is a frequent lecturer at major tax conferences and the author of numerous published articles. She served for many years as Research Director of an information reporting and withholding consultancy where she chaired special training and advisory services provided to large organizations and academic and nonprofit institutions. She was previously a member of the IRS Information Reporting Program Advisory Committee (IRPAC), where she served as Chair of the IRPAC Subcommittee on Small Business and Self-Employed (SBSE) tax issues. In this capacity, she testified annually before the IRS Commissioner on issues of concern to the information reporting community. Marianne has previously worked as a litigator for a large Michigan law firm, where she represented individuals and large clients in many types of civil actions, and formerly served as a Research Attorney for the Michigan Court of Appeals.
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