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- - W9 Form (http://www.greenguysboard.com/board/showthread.php?t=53213)

bluefluff44

2009-06-17 03:31 AM

W9 Form

Can anyone explain why some sites want a W9 while others don't?

LD	2009-06-17 07:49 AM

In the US it is used to prepare 1099's in order to report income so that it gets reported to the IRS. If a payor does not have one on file, they could be liable for taxes on income earned by their affiliates.

horndog

2009-06-21 11:57 AM

I was told it makes you responsible for paying the taxes on the money you earn with each sponser, but only if you make over $600 with that sponser.

____________________
Clean Sites

Toby	2009-06-21 02:37 PM

Quote:

Originally Posted by horndog (Post 454990)

...but only if you make over $600 with that sponser.

Even if it's under $600 per sponsor you still have to claim it as income, but they're not required to send you and the IRS a 1099.

Technically, I should be getting dozens of 1099's every year. But the most I've ever rec'd were three. I just track my income on a spreadsheet as the checks arrive, then double check that at the end of the year vs. the check stubs and sponsor admin.

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