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Substitute W 9 Vendor Update Form

Substitute W 9 Vendor Update Form

Use a Substitute W 9 Vendor Update Form template to make your document workflow more streamlined.

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

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Quick guide on how to complete substitute w 9 vendor update form

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Video instructions and help with filling out and completing Substitute W 9 Vendor Update Form

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Instructions and help about Substitute W 9 Vendor Update Form

hi my name is deborah r richardson of deborah richardson llc and i work with you to help you clean up your vendor data clean up your vendor processes so that you can pay the right vendor now this week's vendor master file tip of the week is are you required to collect the irs form w-9 and this would be from your vendors at the time of vendor setup and in some instances at the time you are making a change to an existing vendor and so let's get started now the short answer is no and that is because for payments that will be reported on a 1099 misc or 1099 nec which are typically the types of payments that we see in accounts payable a signature on that form is not required which means you don't really need to collect that form and as a matter of fact the irs does allow you to uh obtain the tax id be it a an ein and employer identification number or an ssn a social security number via phone but here are some reasons why a i recommend that you do collect it these are the best practices for

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