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W-9 Red Flags: LLC Electing S Corp Status Filed with an SSN
April 20, 2026
Q. We have several vendors that are completing their W-9 as follows: —Line 1 Individual's name—Line 2 LLC Business Name—Line 3a checked LLC, filled in S—Part 1 Social Security Number
I am not sure how to report these payments. Can individuals file as S corps?
A.
(Answered by IOFM's third-party tax experts)
The W-9, in this case, should NOT show the SSN of the owner of the business. This LLC, which they own, has made an election to be taxed as an S corporation. The owner’s name should not appear…
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