@@KatieStOresCFPChFCEA hey Katie I have a question? So if I put in my bank account number and routing number, would this be optional or how would I get paid. Would it be sent by a paycheck. No idea
@@markchayer325 Hello Mark, There is no bank or routing number on a W-9. A W9 form is a tax document used to provide a taxpayer identification number (TIN) to someone who is required to file an information return with the IRS. The form is used by individuals and businesses to provide their TIN to payers or brokers who are required to file information returns with the IRS.
3:46pm PST SaintOres.com Thanks Brownie, I also don't like it when people spend two minutes at the beginning of a video talking about liking and subscribing....
This lady will never know how grateful I am for her videos. I forget all about this channel until I need it and it never fails to give me concise How To Do’s. All I can do it send her a tip$ 🙏
[4:15pm PST] @SaintOres.com Your cash infusion will be put toward my next video. Or maybe toward a slice of pie at the new restaurant that opened here next to the office. Either way, thank you.
[11:53am PST] @TaxesbyKatie.com De nada Isima, Congratulations. In a way, I love paying my taxes. It makes me feel like I am contributing and involved.
The way you explain every single step and with details is just AWESOME. I love to watch your videos and learn from them. You make me grow an interest for taxes and accounting. Thank you so much for taking the time to create these very educational videos.
[10:33am PST] @SaintOres.com Thanks Scarlet, that's one of the nicest comments I've ever received. Makes me want to film another tax video this afternoon. (fyi - I hate being on film....) thanks again.
[4:25pm PST] @SaintOres.com Thanks... And if you ever have any ideas for videos you'd like to see, let me know. I'll be adding small business and stock market investing to the tax stuff. I think it all kind of goes together.
Have you made videos about how to schedule/report payments as small business for 1099? Since we just started our business I was trying to find what should I do with independent contractors payments? Such as, wait until the end of the year to add the payments for every single independent contractor and record as a whole sum at once? Or, to record every payment during the year on my bookeeping software? Does it matter if it is recorded as a whole sum one time payment? Or, several payments as services are provided? 🙂
[12:31pm PST] @SaintOres.com Hey Scarlet, If you paid an independent contractor $600 or more in a calendar year, you are responsible for sending the contractor a completed 1099-MISC (Copy B) by January 31 of the following calendar year. The correct way is to record every payment during the year in your bookkeeping software for each contractor.
Hi - this was very helpful! I have to submit a W9 to an government entity that says they will only make payments to what you list in line 1 as the Name. However, I want them to pay my SMLLC and not me personally? How do I handle this? Can I put my SMLLC in line 1 as the Name and it's EIN? Otherwise, it seems they will send checks to my personal name and not to my business
hello katie excellent videos even though i don't speak much english i managed to understand make videos with spanish subtitles you will win more success thanks
Love how you went through the line items step by step - great vid! Question: I am a sole proprieter and I don't want to give clients my SSN or home address for privacy reasons. I will get an EIN to protect my SSN. For the address line on the W9, can I use a PO Box? I've read that you can by only if I can't get mail to my home address (per statement on 1040). So does that mean I am forced to show my client my home address (I can receive mail at home)?
[2:34pm PST] google.com/localservices/review/taxesbykatie Hey Jason, Yes, you can use a PO box number on a form W-9. This is the address where the requester will send your tax forms (1099-MISC).
@@KatieStOresCFPChFCEA so using an EIN ok? I dont want to share social security. I am an independent contractor from what I understand I say individual/sole proprietor on the form and in that case either one works is that correct?
@@alalal123421 [11:51am PST] @SaintOres.com Hey PA, Per IRS instructions if you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN.
[11:11am PST] @SaintOres.com Thanks... And I love your featured page at your RUclips channel: 'arturo does it all' Here's the link: ruclips.net/channel/UCX3g5JIpeZb4b_pI6zFGiFQfeatured. Never seen anyone eat a burger on their featured page before.
Thank you for this video. I notice that the form and instructions were changed in March 2024 compared to what you show on the screen (dated Oct 2018), and one of the IRS revisions is its explanation for Part I concerning SSN vs. EIN for single-member LLCs that are disregarded as an entity. Specifically, the sentence that previously said NOT to use the EIN has been removed. So, the way I read it, the instructions direct one to use the EIN if they have it. Have you seen this March 2024 change, and wouldn't it change your video instruction and your various answers to viewers' questions about SSN vs. EIN where you tell them to use the SSN and not to use the EIN based on the "old" version of the form? I myself do not know the answer, but put it to you. Thank you.
Hello Alex, Sorry for the delay, your comment went to "Held for review" . Per IRS instructions it is the same as it was... Owner's SSN or EIN , but NOT LLC's EIN. Here is a direct link to the IRS instructions. www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies
Great video. Thank you. What would i put if i am working for a company asa free lance photographer? For Box 3, which am I Partnership or Individual proprietor?
This was really good and thorough. I have a question about using my EIN.... I thought as a single LLC.. you can use that bc you don't want your SSN being given out to every person you interact with. When do I ever use the EIN?
[10:44am PST] @SaintOres.com Hello Alli, Per the IRS rule, If you are a sole proprietor and have an EIN, you may enter your SSN or EIN. But if you are a single-member LLC, then you enter your personal SSN or EIN. DO NOT enter the disregarded entity’s EIN.
@@KatieStOresCFPChFCEA Wow, so the Disgregarded Entity is a seperate number? I thought that was just a term used to distinguish how I wanted the govt to see me. So you apply for a disregarded entity number and a EIN?
[1:05pm PST] @SaintOres.com Hey Alli, Your disregarded entity can have its own EIN number, and you personally can have an EIN. For example, if you started your business as a sole proprietor and you obtained EIN under your personal name. Then a few years later, got registered with your state as a single-member LLC (disregarded entity), you will need to obtain EIN for your LLC. So, you will have two different EINs. I hope this makes sense.
@@KatieStOresCFPChFCEA 1. You are awesome for replying and I TOTALLY APPRECIATE YOU!! 2. I Registered my business last year as an LLC and immediately through the same application applied for an EIN through LegalZoom bc they say it's "highly" suggested. I then was asked by a hospital to make treats and they wanted this W-9.... I got it off of IRS gov and then, saw this bc I got confused. I ended up putting my SSN on it instead of my EIN. I honestly don't think I'm a disregarded bc I only did the one application. But I'm learning so much from you💜💜
Hi Katie, the information you provide is very clear and helpful. Question, how should I complete it if we are a three-member LLC but in SS4 are a disregarded entity? Thanks!
Hello Gerardo, Per IRS rules- A disregarded entity is ONE person. Three member LLCs will be a partnership or S corporation. Without knowing your exact situation, you will probably need to apply for a new EIN for a different type of entity.
[10:29am PST] @TaxesbyKatie.com Добрый день Niki, I just don't have enough detail to give you a competent answer, but depending on your situation, you might need to complete Form W-8 instead of a Form W-9. If you have an ITIN you should be able to use it instead of an SSN.
[1:16pm PST] @SaintOres.com Hello Javier, An obligor is a person or entity that legally owes money to another person or entity. Not sure why they will be returning money to you unless you overpaid.
[10:59am PST] @TaxesbyKatie.com Hello Janette, Per instructions for Other Entities "Enter your name as shown on required U.S. federal tax documents on line 1. This name should match the name shown on the charter or other legal document creating the entity. You may enter any business, trade, or DBA name on line 2. "
[10:24am PST] @SaintOres.com Hey Alexandra, Per IRS rule, If you are a single-member LLC that is disregarded as an entity, enter the owner’s SSN (or EIN, if the owner has one). Do NOT enter the disregarded entity’s EIN. Hence, enter your SSN.
If my name and my dads name is on my property do I put his name down as well and which box do I check my tenant needed this form to get rent assistance?
Hey Malitta, You have to put the name of the person who is reporting the rental income on their tax return. If you reporting it as Schedule E income on your personal return, you will have to check the box for an Individual/ Sole proprietor.
Hello MyThilitos, When a requester asks you to fill out a W-9 form, they use it to obtain your information in order to report various types of income paid to you, such as freelance work, interest, dividends, or other payments, to the IRS.
Thank you for your explanation. It was very helpful. I just wanted to clarify as I am an alien resident who recently arrived in the US. I have no job at the moment, but my spouse has. I received this W9 form, so if I am filling this up, I should follow your first instruction - sole proprietor? Even though I don't have work or business? Apologise for thr question these are all new to me. TIA.
Hello Jerome, A W-9 form is a tax form used in the United States to collect the taxpayer identification number (TIN) of a person or entity that is paying you. If you have no job and no business, then who is requesting you to complete W9?
@@KatieStOresCFPChFCEA form came from the bank where I recently opened an account when I first arrived here. In a separate letter, it seems that they wanted to certify the TIN.
[10:33am PST] @SaintOres.com Hello Easy, Since you are a single-member LLC that is disregarded as an entity separate from its owner, you have to enter the owner’s SSN, but in your case it will be ITIN (or EIN, if you have one). Do not enter the disregarded entity’s EIN.
I have a W-9 form that has my maiden name listed on line 1. Do I include my married name in line 2? Also, I assume I sign my name using my maiden name? Thank you!
Men have it so easy. When filling out a W-9 form, you should list your legal name on Line 1, which is typically your maiden name if you haven't legally changed it. On Line 2, you can include your married name if it is different from your maiden name. As for signing the form, you should use the name that matches the one on Line 1. If your legal name is still your maiden name, then sign using your maiden name. The IRS generally uses the Social Security Number to match the correct taxpayer information, regardless of name changes.
Thank you a lot Katie for your great explanation. I have a question about the part of signing which is often not deeply explained for the case of the US Multi-Member LLC owned by foreign individual owners (not US residents). Do one of these Member Managers have to sign it with his full legal name even if he is not a US Citizen nor Resident or we have to put the Legal name of the LLC as a signature (as it's considered a US Person) ?
[1:02pm PST] @SaintOres.com Hello Ghost, Sorry about sending you the response to Dave's comment. RUclips comments can be confusing. As for your question, I would advise you to contact an attorney that specializes in this field.
Hi, your video is helpful! I am a little bit confused on the second line, the business name, I work for Cross Country Healthcare agency, should I put their name on line 2? Thank you for your answer in advance.
[4:09pm PST] @SaintOres.com Hello Kyla, If you are working as a contractor for Cross Country Healthcare, you complete W-9 as an individual and will omit the section with the business name.
[4:23pm PST] @TaxesbyKatie.com Hey Annette, You are an LLC taxed as an S-Corp, and an S-Corp is a pass-through entity. Backup withholding exemption doesn't apply to you. This is for Corporation (C- Type).
thank u I was so confused and worried about how a 1099 worked i fill this W-9 form as a individual then i send it to the person requesting it then they sent me a 1099 form with the address i provided and i file taxes with that 1099 right ?
I have a question that I am a little confused about. As a single member llc we put social security number? Instead of EIN number? What happens if in the previous we had put EIN by accident?
Hi Angel, Yes that is correct, a single-member LLC treated as a disregarded entity for tax purposes, you should use your social security number (SSN) on the W-9 form instead of the LLC's EIN. However, if you mistakenly included the EIN on a previous W-9, it's generally not a major issue. Although it's technically incorrect, the IRS usually understands honest mistakes and there are no penalties for simply providing the wrong information on a W-9. Having said that, it's crucial to address the mistake as soon as possible.
@@KatieStOresCFPChFCEA Hi Angel. But why do we NOT put the EIN as a LLC? Is SLLC same as LLC? During tax prep, the accountants wanted my EIN. I just needed clarification as to why
A single-member LLC treated as a disregarded entity by the IRS and should not include its EIN on a Form W-9. You can put your EIN on your Schedule C, while doing taxes.
A company I am selling products (not services) at a wholesale level are requesting my sole-owner LLC provide them a W9. Doesn't seem they should require it or fill out a 1099 when it is not service related?
[10:27am PST] @TaxesbyKatie.com Hey Todd, It is correct. In general, W-9s are required when more than $600 is paid in the calendar year. The $600 rule applies to labor and services. However for sales of a product, a W-9 is required for total purchases over $5,000.
Hi, This is all new to me so when filling out the w9 form are independent contractors classified as individual/sole proprietor or single-member LLC on line #3? Thanks
[4:05pm PST] @SaintOres.com Hello Always hard worker, An independent contractor most commonly will be classified as an individual/sole proprietor or single-member LLC. However, an independent contractor could also be a corporation.
Hello Rhanty, Welcome to the US. No, H-1B visa holders are not considered US citizens or US residents. They are temporary non-immigrant workers who are allowed to stay in the United States for a specific period of time to work in a specialty occupation that requires a bachelor's degree or higher. H-1B visa holders are subject to certain restrictions, such as the requirement to maintain their status by continuing to work for the sponsoring employer and the requirement to leave the United States if their status expires. H, H-1B visa holders may be able to apply for a green card, which would grant them lawful permanent residence in the United States. There are a number of ways to apply for a green card, such as through employment, family sponsorship, or the diversity lottery. Hope this helps.
Can you explain why we wouldn't use our EIN for our SMLLC when filing the W9? I would imagine majority owners have a business bank account which would mean they have an EIN laying around. Shouldn't we use it on this form?
Hi Rene, according to the W-9 instructions, if you are a single-member LLC that is not considered a separate entity from its owner, you should use the owner's SSN (or EIN if they have one) instead of the entity's EIN. Therefore, you can use your EIN, but not the entity's EIN. I hope this helps.
I am filling out a W9, I own the business and have no employees, I am LLC but I am so what should I check in number 3a? I also have EIN number. Please clarify.
Question: I have a tenant who lost his job and isn't able to pay his rent. My tenant has signed up for the "Renters assistance program ".Do I have to fill out a W9 on my behalf in order for him to get approved?
[12:51pm PST] @SaintOres.com Hey Big, You have to contact the customer service staff of that "renter's assistance program" and verify it with them since it is state and program specific.
Hello JJ., Per the IRS instructions, and I quote, "If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN, if the owner has one). Do not enter the disregarded entity’s EIN. If the LLC is classified as a corporation or partnership, enter the entity’s EIN."
@@KatieStOresCFPChFCEA Note that the form and instructions have changed since the Oct 2018 version used and quoted in your video and answers to viewers. The version being circulated by IRS is dated March 2024 and the sentence that says "Do not enter the disregarded entities EIN" has been removed has it not?
Thank you!! This is the stuff they need to teach in schools!
[10:14am PST] @SaintOres.com
Thanks Agustin, I agree, but you don't learn it until you get out into the real world. And it can be an expensive lesson.
@@KatieStOresCFPChFCEA How about Cannabis.. As an employee how do the file?
they do. Financial Algebra
@@KatieStOresCFPChFCEA hey Katie I have a question?
So if I put in my bank account number and routing number, would this be optional or how would I get paid. Would it be sent by a paycheck. No idea
@@markchayer325 Hello Mark, There is no bank or routing number on a W-9. A W9 form is a tax document used to provide a taxpayer identification number (TIN) to someone who is required to file an information return with the IRS. The form is used by individuals and businesses to provide their TIN to payers or brokers who are required to file information returns with the IRS.
Thank you! No extra fluff and straight to the point. You're awesome.
3:46pm PST SaintOres.com
Thanks Brownie, I also don't like it when people spend two minutes at the beginning of a video talking about liking and subscribing....
This lady will never know how grateful I am for her videos. I forget all about this channel until I need it and it never fails to give me concise How To Do’s. All I can do it send her a tip$ 🙏
I literally feel like I'm learning from Angela from the office. Love it!!
Thanks Blaze... But there's a huge difference, Angela likes cats and I prefer horses.
Thanks!
[4:15pm PST] @SaintOres.com
Your cash infusion will be put toward my next video. Or maybe toward a slice of pie at the new restaurant that opened here next to the office. Either way, thank you.
I really appreciate your simple and straightforward walk-thru of how to fill this out for a sole proprietor!
Thanks John, And I appreciate your nice comment
OMG. I hope i dont sound childish but i need things explained with why and why not. YOU ARE THE BEST
Thanks Guardian, I do my best to explain things as well as I can. Appreciate the nice comment.
Thanks a lot of the info, i did read the W9 but its so much better when someone walks you through it lol
Thanks Kenpachi, I agree, who wants to spend a bunch of time reading IRS directions.
Thank You So Much! You helped me finally exhale after a week of questioning with no defined answers. TWO THUMBS UP! :0) 100% EXCELLENTE"
[2:34pm PST] @TaxesbyKatie.com
Thanks Lyeta, That was my first "Excellente"
😉👍🏾IT'S A STRAIGHT FACT👉🏾👉🏾👉🏾100%*****
Love the way you explained step by step through this screen.
[11:21am PST] @SaintOres.com
Thanks Fawad, I'm happy you liked it.
Thank you! it is the first time I will have to file taxes in this country and this info is wonderful! thank you very much!
[11:53am PST] @TaxesbyKatie.com
De nada Isima, Congratulations. In a way, I love paying my taxes. It makes me feel like I am contributing and involved.
@@KatieStOresCFPChFCEA Right! same here! keep it up doing educational video who all of us who want to contribute to this amazing country!
Thanks for walking us through that, Katie. Great attention to detail and dismissing the things we don't need to stress about. Thanks!
Thanks Shannon, Glad it was helpful! No need to stress out about a IRS form.
Thank you. Great video. You go right in and start explaining. So refreshing!
Thanks Patti, Glad you enjoyed it! Nothing worse than people begging for subscriptions for the first 3 minutes of the video.
Awesome! This is just what I was looking for!
[10:44am PST] @SaintOres.com
Thanks Rationalific, Glad I could help!
I just watch your W9 filled it helped me out so much because I needed to fill one out to get Load for a customer thank you so much and I did subscribe
Hello Sherry, Thanks for subscribing. I plan on doing as many government forms as possible.
Thank you very much this video not only helpful but as straight to the point. Great work!
[9:12am PST] @SaintOres.com
Thanks Anthony, I'm glad it was helpful.
Thank you, ma'am. Your explanation was very helpful. Thumbs up for your pretty good explanation!
9:56am PST SaintOres.com
Thanks Zeeshan, I appreciate the nice comment. Glad it was helpful!
This is a great video, very thorough instructions on how to fill out form.
[2:57pm PST] @SaintOres.com
Thanks Julio, I don't get too many "great video" comments. I appreciate it.
Excellent video with no distracting music! Thank you!
[11:11am PST] @SaintOres.com
Thanks Serenity, Glad you liked it...
I just watch your W9 video thank you so much it helped me out to fill out for a customer so I can be able to receive loads
[11:21am PST] @SaintOres.com
Thanks Sherry, Glad I could help.
Thank you ma'am I follow you from Afghanistan and I was able to fill this form according to your instructions ❤️❤️
Hello to Afghanistan, I'm glad the video was helpful.
You are awesome. "Let get going". I love it. Please do more
[11:02am PST] @SaintOres.com
Thanks Kimberly, I plan to do as many as I can. Great thing about the IRS, they have lots of forms.
The way you explain every single step and with details is just AWESOME. I love to watch your videos and learn from them. You make me grow an interest for taxes and accounting.
Thank you so much for taking the time to create these very educational videos.
[10:33am PST] @SaintOres.com
Thanks Scarlet, that's one of the nicest comments I've ever received. Makes me want to film another tax video this afternoon. (fyi - I hate being on film....) thanks again.
@@KatieStOresCFPChFCEA you're very welcome. I can't tell you don't like to be film 😉. I'll keep watching them for sure.
[4:25pm PST] @SaintOres.com
Thanks... And if you ever have any ideas for videos you'd like to see, let me know. I'll be adding small business and stock market investing to the tax stuff. I think it all kind of goes together.
Have you made videos about how to schedule/report payments as small business for 1099? Since we just started our business I was trying to find what should I do with independent contractors payments? Such as, wait until the end of the year to add the payments for every single independent contractor and record as a whole sum at once? Or, to record every payment during the year on my bookeeping software?
Does it matter if it is recorded as a whole sum one time payment? Or, several payments as services are provided? 🙂
[12:31pm PST] @SaintOres.com
Hey Scarlet, If you paid an independent contractor $600 or more in a calendar year, you are responsible for sending the contractor a completed 1099-MISC (Copy B) by January 31 of the following calendar year. The correct way is to record every payment during the year in your bookkeeping software for each contractor.
Nice and easy to understand and you got to the point!!! You are amazing
Thanks Viv. I hate it when I have to listen to "like, subscribe, and comment" for two minutes before the video.
@@KatieStOresCFPChFCEA you are awesome !!!! & me too 😂
Thank you so much!!! Took some stress off of my shoulders! 🙏
Thanks Elizabeth, You're so welcome! Taxes and stress relief will be on my next business card.
Thank you great explanation especially knowing when to use between the EIN and SS.
[8:55am PST] @SaintOres.com
Thanks Kasi, Glad it was helpful!
Thank you so much. You explain every detail on this video.
[10:54am PST] @SaintOres.com
Thanks Jessica, Glad it was helpful!
Thank Katie for the video - very helpful and much appreciated!
[09:44am PST] @SaintOres.com
Thanks James, Glad it was helpful!
Hi - this was very helpful! I have to submit a W9 to an government entity that says they will only make payments to what you list in line 1 as the Name. However, I want them to pay my SMLLC and not me personally? How do I handle this? Can I put my SMLLC in line 1 as the Name and it's EIN? Otherwise, it seems they will send checks to my personal name and not to my business
Thank you for this video! It helped me fill out the form.
[5:28pm PST] @TaxesbyKatie.com
Thanks Sheila, Glad it helped!
Katie, I greatly appreciate your video, god blessed you…
[10:31am PST] @SaintOres.com
Thanks Henry, Glad it was helpful!
hello katie excellent videos even though i don't speak much english i managed to understand make videos with spanish subtitles you will win more success thanks
Thanks Rebeca, De nada.
Extremely helpful and informative. THANK YOU!
[11:51am PST] @TaxesbyKatie.com
Thanks King, Glad it was helpful!
Thank you very much this was really helpful. Need to fill out a w9 for My Merch Store, and wasn't sure what to fill out for line 2! Thanks so much :)
[11:06am PST] @SaintOres.com
Hello Scalelord, Glad it was helpful! And good luck with the Merch...
Short (to the point), sweet, and simple. Well explained. Thank you!
[12:24pm PST] @SaintOres.com
Thanks 11Third, I appreciate the nice comment. But you could have used the word amazing after sweet.... Maybe next video.
i'm a photographer and companies asks for this, thanks for the tutorial :) - jho
[10:51am PST] @SaintOres.com
Thanks Jho, Glad it helped out.
Love how you went through the line items step by step - great vid! Question: I am a sole proprieter and I don't want to give clients my SSN or home address for privacy reasons. I will get an EIN to protect my SSN. For the address line on the W9, can I use a PO Box? I've read that you can by only if I can't get mail to my home address (per statement on 1040). So does that mean I am forced to show my client my home address (I can receive mail at home)?
[2:34pm PST] google.com/localservices/review/taxesbykatie
Hey Jason, Yes, you can use a PO box number on a form W-9. This is the address where the requester will send your tax forms (1099-MISC).
@@KatieStOresCFPChFCEA so using an EIN ok? I dont want to share social security. I am an independent contractor from what I understand I say individual/sole proprietor on the form and in that case either one works is that correct?
@@alalal123421
[11:51am PST] @SaintOres.com
Hey PA, Per IRS instructions if you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN.
Great video. Thanks for all the detailed information.
[11:11am PST] @SaintOres.com
Thanks... And I love your featured page at your RUclips channel: 'arturo does it all' Here's the link: ruclips.net/channel/UCX3g5JIpeZb4b_pI6zFGiFQfeatured. Never seen anyone eat a burger on their featured page before.
Fantastic Video and very informative. Thank you for this, Katie.
Thanks Jude.... I just saw your comment.
Excellent job explaining the details!! ❤️👌🏽🥇
[11:49am PST] @SaintOres.com
Thanks Doc, I'm glad it was helpful.
Thank you very much, the video was very informative and concise.
[9:52am PST] @SaintOres.com
Thanks Hen, Glad it was helpful!
This was GREAT and simple. Thank you :)
[9:32am PST] @SaintOres.com
Thanks Esther, You're very welcome!
Thank you for this video. I notice that the form and instructions were changed in March 2024 compared to what you show on the screen (dated Oct 2018), and one of the IRS revisions is its explanation for Part I concerning SSN vs. EIN for single-member LLCs that are disregarded as an entity. Specifically, the sentence that previously said NOT to use the EIN has been removed. So, the way I read it, the instructions direct one to use the EIN if they have it. Have you seen this March 2024 change, and wouldn't it change your video instruction and your various answers to viewers' questions about SSN vs. EIN where you tell them to use the SSN and not to use the EIN based on the "old" version of the form? I myself do not know the answer, but put it to you. Thank you.
Great question! As I do not feel comfortable using my personal SSN on a form being sent to a customer. 🥴
Hello Alex, Sorry for the delay, your comment went to "Held for review" .
Per IRS instructions it is the same as it was... Owner's SSN or EIN , but NOT LLC's EIN. Here is a direct link to the IRS instructions. www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies
Awesome vid. Thank you! Very easy and simplified. Thank you
Thank you so much , I love your video and explanation I understand everything.
[3:01pm PST] @SaintOres.com
Thanks Veneta, I appreciate the kind comment and I'm glad you 'LOVED' the video....
Very helpful I want fill W9 form for my litle business I mean like I have a label Music I hook on individual single member llc , I need more help
[10:44am PST] @SaintOres.com
Hello Record Producer, What do you need more help with?
This is really helpful. Thank you very much.
[4:49pm PST] @SaintOres.com
Thanks TC, Glad it was helpful!
it also has (OR EIN IF OWNER HAS ONE) for the TIN on the first page.
Thank you for helpful and greatly explained video 🙏🏽
[3:48pm PST] @SaintOres.com
Thanks Maki, Glad it was helpful!
Thanks Katie. Awesome!!!
[11:21am PST] @SaintOres.com
Thanks Jazz, I appreciate the "Awesome"
Thank you very much. That was useful information.
Thanks Bobby, Glad it was helpful!
Thank you for the class!
Thanksf Lloyd, Glad you found it helpful.
@@KatieStOresCFPChFCEA Sure thing! Would you kindly tell me, what account number should go in number seven?
Excellent Explanation!
[3:23pm PST] @SaintOres.com
Thanks Brian, Glad you think so!
Thank you very much your RUclips is very clear answer…I click like and subscribe for u now
[4:05pm PST] @SaintOres.com
Thanks Tip Tip, I'm glad the video helped. And welcome aboard.
Thanks for the videos and the information ..💐
You're welcome Adam.
Great video. Thank you. What would i put if i am working for a company asa free lance photographer? For Box 3, which am I Partnership or Individual proprietor?
[11:01am PST] @SaintOres.com
Hey Ralph, For Box 3 you should mark Individual/sole proprietor since you are a freelancer.
You are amazing you made my day🙏
[2:08pm PST] @SaintOres.com
Thanks Helen, I like the 'amazing' part.
This was really good and thorough.
I have a question about using my EIN.... I thought as a single LLC.. you can use that bc you don't want your SSN being given out to every person you interact with. When do I ever use the EIN?
[10:44am PST] @SaintOres.com
Hello Alli, Per the IRS rule, If you are a sole proprietor and have an EIN, you may enter your SSN or EIN.
But if you are a single-member LLC, then you enter your personal SSN or EIN. DO NOT enter the disregarded entity’s EIN.
@@KatieStOresCFPChFCEA Wow, so the Disgregarded Entity is a seperate number? I thought that was just a term used to distinguish how I wanted the govt to see me. So you apply for a disregarded entity number and a EIN?
[1:05pm PST] @SaintOres.com
Hey Alli, Your disregarded entity can have its own EIN number, and you personally can have an EIN. For example, if you started your business as a sole proprietor and you obtained EIN under your personal name. Then a few years later, got registered with your state as a single-member LLC (disregarded entity), you will need to obtain EIN for your LLC. So, you will have two different EINs. I hope this makes sense.
@@KatieStOresCFPChFCEA 1. You are awesome for replying and I TOTALLY APPRECIATE YOU!! 2. I Registered my business last year as an LLC and immediately through the same application applied for an EIN through LegalZoom bc they say it's "highly" suggested. I then was asked by a hospital to make treats and they wanted this W-9.... I got it off of IRS gov and then, saw this bc I got confused. I ended up putting my SSN on it instead of my EIN. I honestly don't think I'm a disregarded bc I only did the one application. But I'm learning so much from you💜💜
Oh... So my SMLLC I use my EIN at all times?
Hi does the number for social have to be put in a certain way I keep getting one required field left but everything with an asterisk I’ve filled in
Hello Tee (from the world famous Tee's Boutique), Your SSN on Form W-9 should be entered in the following format: **XXX-XX-XXXX**.
@@KatieStOresCFPChFCEA Thank you i was putting a space between them once i left the space out it finally took
You're welcome. The important thing is you got it done.
Thank you so much you cleared a lot for me 😍😍
Thanks Selma, and you’re welcome 😊
Excellent video. Thank you.
Thanks for your "Excellent" comment. Glad the video was helpful!
Hi Katie, the information you provide is very clear and helpful. Question, how should I complete it if we are a three-member LLC but in SS4 are a disregarded entity? Thanks!
Hello Gerardo, Per IRS rules- A disregarded entity is ONE person. Three member LLCs will be a partnership or S corporation. Without knowing your exact situation, you will probably need to apply for a new EIN for a different type of entity.
Greta video, Katie! What about the tax id if you are a single-member LLC owner who does not have SSN?
[10:29am PST] @TaxesbyKatie.com
Добрый день Niki, I just don't have enough detail to give you a competent answer, but depending on your situation, you might need to complete Form W-8 instead of a Form W-9. If you have an ITIN you should be able to use it instead of an SSN.
Hi Katie! Thank you for the video! I just got back the W-9 form from the person I’ll work with, what do I have to do with the form next?
[10:27am PST] @TaxesbyKatie.com
Hello Mariann, Then you use that information from the completed W-9 to fill out a Form 1099.
Thanks for your help, but what about if this form is been requested for being an obligor? so that they can return money to you.
[1:16pm PST] @SaintOres.com
Hello Javier, An obligor is a person or entity that legally owes money to another person or entity. Not sure why they will be returning money to you unless you overpaid.
Thanks for the video! Maybe in the next videos you show us how to fill form 7202) and who is eligible for applying this form
Thanks Anastasiya, I'll look into making that video.
Superb explanation!
Thanks Tenzin, for the superb comment.
What if i dont own a bussines... what do i select on question 3?
[4:21pm PST] @SaintOres.com
Hello Lobo, If you don't own a business, check the first box " Individual/sole proprietor or single- member LLC".
Thank you very informational 🙌🏾
Hello Matth, Your welcome and I'm glad it was helpful!
what goes in box 3 under other, please explain this one
[10:59am PST] @TaxesbyKatie.com
Hello Janette, Per instructions for Other Entities "Enter your name as shown on required U.S. federal tax documents on line 1. This name should match the name shown on the charter or other legal document creating the entity. You may enter any business, trade, or DBA name on line 2. "
Dear Katie, after I filled out the "W9 TAX FORM", it failed to allow me to sign my name. Would you kindly tell me what I did wrong?
I don't see that often. Usually if you miss a step. You can always complete a paper version, sign it and give it to the party that requested it
@@KatieStOresCFPChFCEA Thank you Katie. I found out that i had to do exactly what you said meaning, print it out and sign. Thank you again.
You're welcome. The important thing is that you've got it done.
Great video.Thanks for sharing.
[3:18pm PST] @SaintOres.com
Thanks Patricia, I appreciate the nice comment.
Hello, question. If I have an a sole prop/single member LLc but have a EIN for the business. Which do I use my social or the EIN?
[10:24am PST] @SaintOres.com
Hey Alexandra, Per IRS rule, If you are a single-member LLC that is disregarded as an entity, enter the owner’s SSN (or EIN, if the owner has one). Do NOT enter the disregarded entity’s EIN. Hence, enter your SSN.
If my name and my dads name is on my property do I put his name down as well and which box do I check my tenant needed this form to get rent assistance?
Hey Malitta, You have to put the name of the person who is reporting the rental income on their tax return. If you reporting it as Schedule E income on your personal return, you will have to check the box for an Individual/ Sole proprietor.
Thank you so much for this video
[11:34am PST] @SaintOres.com
Thanks NaKeitha, You are so welcome!
Question. What does the requester then do with the w-9? Do they send it to the irs or is just for their records?
Hello MyThilitos, When a requester asks you to fill out a W-9 form, they use it to obtain your information in order to report various types of income paid to you, such as freelance work, interest, dividends, or other payments, to the IRS.
What about the “other” option for a nonprofit organization
[1:16pm PST] @SaintOres.com
Hello Cherie, You could check “other” and type “nonprofit corporation” in the provided line.
Thank you so much , very informative
Thanks Jason, You are welcome!
Thank you for your explanation. It was very helpful. I just wanted to clarify as I am an alien resident who recently arrived in the US. I have no job at the moment, but my spouse has. I received this W9 form, so if I am filling this up, I should follow your first instruction - sole proprietor? Even though I don't have work or business? Apologise for thr question these are all new to me. TIA.
Hello Jerome, A W-9 form is a tax form used in the United States to collect the taxpayer identification number (TIN) of a person or entity that is paying you. If you have no job and no business, then who is requesting you to complete W9?
@@KatieStOresCFPChFCEA form came from the bank where I recently opened an account when I first arrived here. In a separate letter, it seems that they wanted to certify the TIN.
I understand. So back to your original question, yes, individual - sole proprietor is correct.
@KatieStOresCFPChFCEA thank you for responding. Your videos are very helpful as sometimes these documents are overwhelming. 🙏
You're welcome. Yes, I agree. The government has lots of forms, and the more they try to make them easier, the more complicated they become.
Thank you very much for your help!!
[1:59 pm PST] @SaintOres.com
Thanks tool & die guy, Glad it helped!
I have a single member LLC and I'm not a US resident so I don't have an SSN. So should I enter my company's EIN instead of SSN ?
[10:33am PST] @SaintOres.com
Hello Easy, Since you are a single-member LLC that is disregarded as an entity separate from its owner, you have to enter the owner’s SSN, but in your case it will be ITIN (or EIN, if you have one). Do not enter the disregarded entity’s EIN.
Sad that high school dont teach you this.
[10:13am PST] @SaintOres.com
I agree. You have to get out into the real world to learn a lot of business stuff. But now we have University of RUclips.
its awesome to explain 👍🤝🤲
Thanks K4 Kiyani, Glad you think so!
Thank you for the video. I would use my SS# for my LLC?
Yes Misha, for a single member llc, use your SS#
@@KatieStOresCFPChFCEA why is that? I do not understand.
@@pattiobrien-richardson1881 fill out a 2553 form then put S Corp on your w9. With S corp u must use ein
I have a W-9 form that has my maiden name listed on line 1. Do I include my married name in line 2? Also, I assume I sign my name using my maiden name? Thank you!
Men have it so easy. When filling out a W-9 form, you should list your legal name on Line 1, which is typically your maiden name if you haven't legally changed it. On Line 2, you can include your married name if it is different from your maiden name.
As for signing the form, you should use the name that matches the one on Line 1. If your legal name is still your maiden name, then sign using your maiden name.
The IRS generally uses the Social Security Number to match the correct taxpayer information, regardless of name changes.
@KatieStOresCFPChFCEA thank you so much!!
You're welcome.
Thank you a lot Katie for your great explanation. I have a question about the part of signing which is often not deeply explained for the case of the US Multi-Member LLC owned by foreign individual owners (not US residents). Do one of these Member Managers have to sign it with his full legal name even if he is not a US Citizen nor Resident or we have to put the Legal name of the LLC as a signature (as it's considered a US Person) ?
[1:02pm PST] @SaintOres.com
Hello Ghost, Sorry about sending you the response to Dave's comment. RUclips comments can be confusing.
As for your question, I would advise you to contact an attorney that specializes in this field.
@@KatieStOresCFPChFCEA No problem, Thank you 🙂
If I dont have a business, what do I put on line 2?
You put nothing there.
Hi, your video is helpful! I am a little bit confused on the second line, the business name, I work for Cross Country Healthcare agency, should I put their name on line 2?
Thank you for your answer in advance.
[4:09pm PST] @SaintOres.com
Hello Kyla, If you are working as a contractor for Cross Country Healthcare, you complete W-9 as an individual and will omit the section with the business name.
Thank you so much for this! If I'm an LLC taxed as an s-corp, should I automatically include the exemption code for 'corporation'?
[4:23pm PST] @TaxesbyKatie.com
Hey Annette, You are an LLC taxed as an S-Corp, and an S-Corp is a pass-through entity. Backup withholding exemption doesn't apply to you. This is for Corporation (C- Type).
@@KatieStOresCFPChFCEA ah, that makes sense - thank you SO much for your reply! ☺
[4:35pm PST] @SaintOres.com
You're welcome....
thank u I was so confused and worried about how a 1099 worked i fill this W-9 form as a individual then i send it to the person requesting it then they sent me a 1099 form with the address i provided and i file taxes with that 1099 right ?
Yes...You are correct.
I have a question that I am a little confused about. As a single member llc we put social security number? Instead of EIN number?
What happens if in the previous we had put EIN by accident?
Hi Angel, Yes that is correct, a single-member LLC treated as a disregarded entity for tax purposes, you should use your social security number (SSN) on the W-9 form instead of the LLC's EIN.
However, if you mistakenly included the EIN on a previous W-9, it's generally not a major issue. Although it's technically incorrect, the IRS usually understands honest mistakes and there are no penalties for simply providing the wrong information on a W-9.
Having said that, it's crucial to address the mistake as soon as possible.
Thank you so much!!
You're welcome....
@@KatieStOresCFPChFCEA Hi Angel. But why do we NOT put the EIN as a LLC? Is SLLC same as LLC? During tax prep, the accountants wanted my EIN. I just needed clarification as to why
A single-member LLC treated as a disregarded entity by the IRS and should not include its EIN on a Form W-9. You can put your EIN on your Schedule C, while doing taxes.
A company I am selling products (not services) at a wholesale level are requesting my sole-owner LLC provide them a W9. Doesn't seem they should require it or fill out a 1099 when it is not service related?
[10:27am PST] @TaxesbyKatie.com
Hey Todd, It is correct. In general, W-9s are required when more than $600 is paid in the calendar year. The $600 rule applies to labor and services. However for sales of a product, a W-9 is required for total purchases over $5,000.
Hi, This is all new to me so when filling out the w9 form are independent contractors classified as individual/sole proprietor or single-member LLC on line #3? Thanks
[4:05pm PST] @SaintOres.com
Hello Always hard worker, An independent contractor most commonly will be classified as an individual/sole proprietor or single-member LLC. However, an independent contractor could also be a corporation.
Thank you so much, I just started dashing and uber eats so I was confused. Bless you 🙏🏽
[4:25pm PST] @SaintOres.com
You're welcome. Good luck with the dashing...
@@KatieStOresCFPChFCEA Thank you I need it 😆
Hi, I wanted to ask if H1B visa holders are cosidered US citizens or US resident? I have only been here for 2 months.
Hello Rhanty, Welcome to the US. No, H-1B visa holders are not considered US citizens or US residents. They are temporary non-immigrant workers who are allowed to stay in the United States for a specific period of time to work in a specialty occupation that requires a bachelor's degree or higher. H-1B visa holders are subject to certain restrictions, such as the requirement to maintain their status by continuing to work for the sponsoring employer and the requirement to leave the United States if their status expires. H, H-1B visa holders may be able to apply for a green card, which would grant them lawful permanent residence in the United States. There are a number of ways to apply for a green card, such as through employment, family sponsorship, or the diversity lottery. Hope this helps.
Thank you, this was so helpful
[1:12pm PST] @SaintOres.com
Thanks General, Glad it was helpful!
Can you explain why we wouldn't use our EIN for our SMLLC when filing the W9? I would imagine majority owners have a business bank account which would mean they have an EIN laying around. Shouldn't we use it on this form?
Appreciate the video by the way
Hi Rene, according to the W-9 instructions, if you are a single-member LLC that is not considered a separate entity from its owner, you should use the owner's SSN (or EIN if they have one) instead of the entity's EIN. Therefore, you can use your EIN, but not the entity's EIN. I hope this helps.
I am filling out a W9, I own the business and have no employees, I am LLC but I am so what should I check in number 3a? I also have EIN number. Please clarify.
if i am a part time ebay seller, should i check "Individual/sole proprietor or single-member LLC"?
[10:59am PST] @TaxesbyKatie.com
Hello Lutee, Yes, check the box for "Individual/sole proprietor or single-member LLC".
Question: I have a tenant who lost his job and isn't able to pay his rent. My tenant has signed up for the "Renters assistance program ".Do I have to fill out a W9 on my behalf in order for him to get approved?
[12:51pm PST] @SaintOres.com
Hey Big, You have to contact the customer service staff of that "renter's assistance program" and verify it with them since it is state and program specific.
Why we can't use the ein as a single member llc if we already have it?
Hello JJ., Per the IRS instructions, and I quote, "If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN, if the owner has one). Do not enter the disregarded entity’s EIN. If the LLC is classified as a corporation or partnership, enter the entity’s EIN."
@@KatieStOresCFPChFCEA Note that the form and instructions have changed since the Oct 2018 version used and quoted in your video and answers to viewers. The version being circulated by IRS is dated March 2024 and the sentence that says "Do not enter the disregarded entities EIN" has been removed has it not?