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#1
01-20-2008, 05:02 AM
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 Re: 1099-MISC/TAX ID QUESTION On Fri, 18 Jan 2008 19:38:02 EST, ETW <welch_jay[at]hotmail.com> wrote: - quote - > If a tax ID number is in the format of 55-5555555 and not a social
Ask them to fill out Form W-9 and send it to you.> security number is it safe to assume they are a corporation therefore > I do not need to prepare a 1099-MISC? You will then have the proper EIN, type of business entity and statement about backup withholding for this organization. Many of my clients ask for a W-9 when we start a business relationship. -- Vic Roberts Replace xxx with vdr in e-mail address. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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01-19-2008, 01:33 AM
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| Re: 1099-MISC/TAX ID QUESTION ETW <welch_jay[at]hotmail.com> writes: - quote - > If a tax ID number is in the format of 55-5555555 and not a social
No. EINs can be and are used by non-corporate entities,> security number is it safe to assume they are a corporation therefore > I do not need to prepare a 1099-MISC? including sole proprietorships. -- Rich Carreiro rlc-news[at]rlcarr.com -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
01-18-2008, 11:38 PM
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| 1099-MISC/TAX ID QUESTION If a tax ID number is in the format of 55-5555555 and not a social security number is it safe to assume they are a corporation therefore I do not need to prepare a 1099-MISC? Regards, JW -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| 1099misc or tax, question |
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