Register free!

The Green Industry's Resource Center



Reply
 
Thread Tools   Display Modes
  #1  
Old 11-20-2014, 04:17 PM
williams lcm williams lcm is offline
LawnSite Senior Member
 
Join Date: Jul 2009
Location: orlando fl
Posts: 812
w9 form requested from my commerical account

I have had this commercial account for 5 years and now they call me and want me to email them a w9 form? What is this? And why now do I need to Email them this after all these years? Help please
Posted via Mobile Device
Reply With Quote
  #2  
Old 11-20-2014, 04:51 PM
gusbuster's Avatar
gusbuster gusbuster is online now
LawnSite Bronze Member
 
Join Date: Mar 2000
Location: Sunny Northern California, San Francisco Bay Area
Posts: 1,649
I forgot the threshold, but believe its $600 a year, its a form that they normally send to have you fill out where you put your social security number or employer id number so they can report you as required to the i.r.s.

Yes, it's totally legit and required.
__________________
J-LC Landscaping & Maintenance Gardening
C-27 CA. Contr# 770044
Reply With Quote
  #3  
Old 11-20-2014, 04:59 PM
williams lcm williams lcm is offline
LawnSite Senior Member
 
Join Date: Jul 2009
Location: orlando fl
Posts: 812
Why? They already have do a 1099 on me. That has the info on it. It does not make since now to do it. Why not previous years?
Posted via Mobile Device
Reply With Quote
  #4  
Old 11-20-2014, 07:44 PM
herler herler is offline
LawnSite Gold Member
 
Join Date: Apr 2012
Posts: 3,875
Well, now you know why I don't have any commercial accounts, and that's just one of the many things they do that gets my goat. But it's your choice, if you want to keep the account at this point it's not about why anymore, more like you might want to start thinking about filing that form. I mean, that's the choice, sorry to break that news kind of rude.
Reply With Quote
  #5  
Old 11-20-2014, 07:57 PM
gasman12's Avatar
gasman12 gasman12 is offline
LawnSite Member
 
Join Date: Jul 2013
Location: Hop Bottom PA
Posts: 19
If you gave them a w 9 with your ein number they shouldn't give you a 1099 that's y your charging the sales tax and collecting it and reporting it to the state. And only paying tax on the income sounds like the customer is confused what to do.
Reply With Quote
  #6  
Old 11-20-2014, 08:06 PM
windflower windflower is offline
LawnSite Senior Member
 
Join Date: Feb 2013
Location: wilmington nc
Posts: 796
They just need the w9 on file.
Future developments. The IRS has created a page on IRS.gov for information
about Form W-9, at www.irs.gov/w9. Information about any future developments
affecting Form W-9 (such as legislation enacted after we release it) will be posted
on that page.
Purpose of Form
A person who is required to file an information return with the IRS must obtain your
correct taxpayer identification number (TIN) to report, for example, income paid to
you, payments made to you in settlement of payment card and third party network
transactions, real estate transactions, mortgage interest you paid, acquisition or
abandonment of secured property, cancellation of debt, or contributions you made
to an IRA.
Reply With Quote
  #7  
Old 11-21-2014, 08:27 AM
Richard Martin's Avatar
Richard Martin Richard Martin is offline
LawnSite Fanatic
 
Join Date: Mar 2000
Location: Greenville, NC
Posts: 14,580
A W-9 just goes along with the 1099-MISC that they are already giving you. The reason why they want one now may be as simple as they changed accounting firms and the new accountant noticed that they don't have a W-9 on file for you. It's no big deal at all and doesn't change your status in any way.
__________________
Serving Greenville, Winterville and Ayden NC



Reply With Quote
  #8  
Old 11-21-2014, 09:26 PM
32vld 32vld is offline
LawnSite Gold Member
 
Join Date: Feb 2011
Location: LI NY
Posts: 3,279
A business can write off up to $600 in cash to one business/person.

When $600 threshold is reached for them to claim what they spend on you the IRS wants proof of who they are paying.

My first commercial account wanted this. I did some snow and a spring clean up for them. Then they hired me to continue doing their landscape maintenance.

They had hit the cut off and their accounted said I had to give them my SS# because they were paying me cash. I am not giving out my SS# because someone asks for it.

So I said pay me by check. No W9 or 1099 was done.
Reply With Quote
  #9  
Old 11-21-2014, 09:35 PM
TML's Avatar
TML TML is online now
LawnSite Senior Member
 
Join Date: Oct 2012
Location: Southern, ME
Posts: 641
I just had to do one for a snow plowing and sanding account. Just google the form you can down load it or print it off. One page takes a few seconds to fill out.
Posted via Mobile Device
Reply With Quote
  #10  
Old 11-24-2014, 12:22 AM
shane-pa shane-pa is offline
LawnSite Member
 
Join Date: Feb 2012
Location: emporium, pa
Posts: 200
gives the company proof of payment so they can write it off. my income-their expense type of rule.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 07:31 PM.

Page generated in 0.07381 seconds with 9 queries