Westlake Village, California – December 18, 2023 – The new W9 Solicitations platform has already been hailed as a timesaver and as a lifesaver. There are so many tasks that must be performed by an entity’s accounting and/or bookkeeping department that obtaining payee’s Form W-9 often slides to the back burner.
W9 Solicitations performs only one service, and that is obtaining Form W-9s. They are specialists at this and get the job done so the payer is IRS Compliant. The IRS requires that a Form W-9 is solicited by a payer (business owner or accounting department) directly after the initial contact with a payee (Vendor, Independent Contractor, or Freelancer), and before the first payment is made.
When this event does not occur, the payer neither thinks about or has the time to obtain a completed Form W-9 from his payees/vendors until December, or worse until January, of the following year, when 1099s are due. This is way too late!
Consequently, by December payers are worried, and frantically racing around to send out, and collect completed Form W-9s from their payees to obtain their Taxpayer Identification Numbers (TIN), that are needed to prepare the required IRS Form 1099, which are due by January 31st. They provide TIN Matching for free.
A failure to obtain and show proof that a payer has tried to obtain a completed Form W-9 from a payee my require the payer to withhold 24% of the amount paid to the payee, which is an extra administrative burden. Or worse, the payer could be held financially responsible to cover the 24% tax that should have been withheld.
W9 Solicitations is sought after for:
W9 Solicitations services: Individuals, Freelancers, Small Businesses, Micro Enterprises, Mid-Size Businesses, Large Corporations, Government Agencies and Non-Profit Organizations.
For complete information, visit: https://W9Solicitations.com/
Media ContactCompany Name: W9 Solicitations, Inc.Contact Person: Media RelationsEmail: Send EmailPhone: 877-446-0666Address:5716 Corsa Ave., Suite 110 City: Westlake VillageState: California 91362Country: United StatesWebsite: W9Solicitations.com/