will usually help you determine whether a payee needs a 1099.
The letter can also push some collection pressure points even more forcefully to encourage the debtor to pay, namely by including language that informs the debtor that your company, if it doesn't receive a W-9
, can file a 1099c incomplete.
I always wanted to restore a W-9
in memory of Neff because he helped me get my college scholarship, and also due to my experience with his tractors in Baytown.
TINs: Ordinarily, payees must certify their TINs on Form W-9
to avoid backup withholding on interest.
Beyond the information gathered in a W-9
, each new vendor should submit a vendor profile form developed by your organization to gather more assurance that the company is legitimate.
6724 if the mismatch was due to the payee, rattler than the payer; a completed W-9
will provide reasonable cause in most cases.
A copy of the Letter of Transmittal and Substitute Form W-9
(for US shareholders only) can be found on Kinross' website at www.
In February 2001, the Service advised payors (in Announcement 2001-15) that use of the revised Form W-9
is optional until July 1, 2001.