W9 Form

bluefluff44 · 2009-06-17, 03:31 AM

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.

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Toby · 2009-06-21, 02:37 PM

Quote:

Originally Posted by horndog

...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.

2009-06-17, 03:31 AM	#1
bluefluff44 Rock stars ... is there anything they don't know? Join Date: Jun 2009 Posts: 19	W9 Form Can anyone explain why some sites want a W9 while others don't?

2009-06-17, 07:49 AM	#2
LD wtfwjd? Join Date: May 2007 Posts: 2,103	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. __________________ Artisteer Wordpress Theme Generator Create Custom Themes! My Little Network

2009-06-21, 11:57 AM	#3
horndog Well you know boys, a nuclear reactor is a lot like women. You just have to read the manual and press the right button Join Date: Feb 2008 Posts: 154	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