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Reporting Royalty Payments Made to a Foreign Individual Initially Documented on Form W-9
November 12, 2026
Q. We have an individual that we set up earlier this year as a vendor to receive a royalty payment. They completed a W-9, and we issued payment under that pretense. Later, we found out he is really a non-US individual, and he has since completed a W-8, and we have updated his vendor master record accordingly. What do we do come 2026 information reporting time in January? We did not do any 1042 withholding on his payment, because at that time we had him categorized as a US citizen (in good…
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