Gathering w-9s for reporting 1099s

Do you file 1099s? Do you have W-9s for all vendors & contactors?

One of the smartest procedures a business owner can implement it to request a W-9 from any vendor/contractor you expect to pay more than $600 before you pay them!

Using this as a normal business practice will give you the vendor's mailing information, Tax ID number, and will require them to indicate their federal tax classification status, which is used to determine if a 1099 is needed.

You can download the form here: W-9 FORM