Content question: SSNs on model releases

[Cleo]

If you pay someone out of your business account then the IRS says you need to have them fill out a W4 as far as I know.

[Jim]

Originally Posted by Cleo

If you pay someone out of your business account then the IRS says you need to have them fill out a W4 as far as I know.

Only if it's over $600/year I think, Cleo.

[Cleo]

Originally Posted by Jim

Only if it's over $600/year I think, Cleo.

I thought that $600 was the amount at which time you need to report it but at the time of hiring someone they also need to fill out a W-4 form.

"For Businesses with Employees
If you have employees, you are responsible for verifying their eligibility to work in the United States. This is done by filing a Form I-9, Employment Eligibility Verification for each of your employees. In addition, employees must fill out an employee tax withholding form, Form W-4."
http://www.turbotax.com/articles/irs...uirements.html