The start of a new year can be hectic for business owners. The last thing you should be doing in January is trying to collect W-9s from your contractors and …
Collecting W-9s is a Pain. But…It’s the LAW
The W-9 is critically important for businesses to collect from anyone to whom they will make payments for services. The W-9 is required in order to issue Form 1099-NEC, a new form required by the IRS for the 2020 tax year.