How Important is it to get W9's from Contractors?

2 Replies

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

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.