cancel
Showing results for 
Search instead for 
Did you mean: 

Reply to message

View discussion in a popup

Replying to:
Rustler
Level 15

Reply to message

OMG
https://community.intuit.com/articles/1637708-invite-a-contractor-to-add-their-own-1099-tax-info

I have always failed to understand why, why when intuit has a whole division of tax experts and accountants, no one talks to them before making changes.  Hel.l or at all from what I see.

The company the PAYS the contractor can be fined if that contractor is subject to back up withholding, and or does not provide a valid tax number associated with that person/business, and the paying company does not withhold and pay to the IRS 28% tax on payments made, not to mention the problems of paying someone with a false or no tax number.

The ONLY way to protect yourself is to get an actual W-9 filled out and signed.  It is signed under penaties of perjury verifying additional aspects of their right to work in this country too.

Letting the vendor fill in his information, no cerrtification signature, leaves you open with no defense at all.

Need to get in touch?

Contact us