How Important is it to get W9's from Contractors?
2 Replies
James Gleeson
Investor from St Louis, MO
posted 12 months ago
Why should I? Excuse my ignorance please.
Natalie Kolodij
(Moderator) -
Accountant from Charlotte, NC
replied 12 months ago
Because you don't want to lie on your tax returns.
There is a "were you required to issue 1099s" box
and a "Did you" box.
Any one over $600, who isn't a corp
Daniel Hyman
CPA from Milwaukee, WI
replied 12 months ago
People often don't realize that this information is required to be reported to the IRS.
The good news is that you still have one more day before the deadline.