Good Morning Employers,

This is a friendly reminder to make sure that you have gathered the W-9 forms from your employees. 

The completion of this form is required for your contracted (or freelance) employees that have made more than $600.00 to receive their 1099 form at the end of the year. The W-9 form is what is used to provide the correct Taxpayer Identification Number and Certification. This ensures that the correct amount of income is credited to the right individual.  1099 is an IRS form that serves as a record of income, designating how much money an individual has made and how much they will be taxed on (Uncle Sam wants his money). This information is important for filing taxes correctly and avoiding accidental fraud. You can locate the W-9 form https://www.irs.gov/pub/irs-pdf/fw9.pdf

Thank you for your time, and good luck.

Profit & Equity

image courtesy of dontmesswithtaxes.com