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Contractors Forms Package South Dakota

Contractors Forms Package South Dakota

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What is a W-9 tax form? What is a W-9 tax form?

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Instructions and help about Contractors Forms Package South Dakota

(bright music) - [Instructor] Question number two: I have a marketing crew to help... Let me get this out of the way so you guys can see it. I have a marketing crew helping us find buyers and sellers for real estate. We pay a fee on a deal-per-deal basis. Should we be giving them a W-9? I'm going to ask the class just because, what do you guys think? - [Class] Yes. - [Instructor] Yeah, absolutely. Are you giving them money for service? - [Class Member] The W-9 is the form that the contractor gives you with their tax ID number on it. What you're giving them is-- - [Instructor] Ah, you're actually right, good catch. So should we be giving them a W-9 to fill out? - [Class] Yes. - [Instructor] All right, there we go. You need to get a W-9 from them and you need to, what's the form? - [Class Member] Over 600 dollars you (mumbles) - [Instructor] Over 600 bucks you've got to 1099 them. Jeff, when do you need to get that 1099 done? - [Jeff] For miscellan

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