Why You Need to Complete Your W-9 Now?

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Why You Need to Complete Your W-9 Now?

Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one minute moment.

1099s. They’re going to be here before you know it. We’re going to be issuing them out to our subcontractors. Make sure now that you have a W-9 filled out to test their name, address, Social Security or Federal ID number. Make sure that information is correct because the IRS does charge a penalty or charge a fine if you don’t file 1099s. If they’re filed incorrectly and you can’t justify it, make sure you have the information now before the crazy season starts and then it’s a lot harder to track them down. And my suggestion, never give someone a check without them completing a W-9 form if they’re a subcontractor.

Call me. (615) 367-0819.

Announcer 0:52
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