W9 Form in US
Thread poster: Yoanna
Yoanna
Yoanna  Identity Verified
United States
Local time: 09:54
English to Polish
+ ...
Nov 24, 2004

The client asked me to fill it out for them but what does the field 'exempt from backup withholding' mean?

I don't understand the instruction very well sorry...

I am a sole proprietor.

Joanna


 
Gisela Greenlee
Gisela Greenlee  Identity Verified
Local time: 10:54
German to English
+ ...
Most likely not applicable Nov 24, 2004

Back-up withholding is usually required when an individual has not reported income from interest or other sources to the IRS. That individual is then notified by IRS that they will be subject to back-up withholding, they also notify financial institutions to start withholding interest, to be submitted to the IRS.
So you would normally check that you are not subject to back-up withholding.


 
Yoanna
Yoanna  Identity Verified
United States
Local time: 09:54
English to Polish
+ ...
TOPIC STARTER
Thank you Gisela! Nov 24, 2004

I will leave it blank, then.

 
sarahl (X)
sarahl (X)
Local time: 08:54
English to French
+ ...
Not for us Nov 24, 2004

Hi Yoanna,
I just filled one of those. That section does not apply to us.
If you're a sole proprietor, all they want is your name, your
DBA if you have one, and your SSN.
Luck,
Sarah


 
Yoanna
Yoanna  Identity Verified
United States
Local time: 09:54
English to Polish
+ ...
TOPIC STARTER
Thanks Sarah, Nov 24, 2004

That's exactly what I filled out, thank you for your help.
PS. My specialty is insurance, not taxes


 


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W9 Form in US







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