Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-28-2013, 12:12 PM
Junior Member
 
Join Date: Dec 2013
Location: India
Posts: 13
W-9 Form

I have received the W-9 form from the vendor , with foreign residence address. Please advise (This form is valid or not according to the sec 1441 withholding tax)?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 12-28-2013, 09:18 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,231
Quote:
Originally Posted by Balu View Post
I have received the W-9 form from the vendor , with foreign residence address. Please advise (This form is valid or not according to the sec 1441 withholding tax)?
foreign addresses are OK. he uses his current address on Form W-9, even if it's a foreign address.he Just needs to squeeze his complete address in the allotted space, including the country, in English. This will ensure that you have the proper address to send his1099s to him.The IRS , if it wants, will contact him at a foreign address;the IRS never had a problem reaching me at my foreign addresses. As long as the nonresident alien vendor is a US resident for tax purposes, then, you need a W9 from the vendor providing critical information so you can make all necessary reports to the IRS. He getspaid by you, but he is responsible for all his taxes. The W9 form gets reported to the IRS to help keep track of the taxes that he actually owes. You turn in a form to the IRS every year on every worker for whom they have a W-9, and the W-9 includes the specific amount paid to the freelance worker over the past year. The SSN or EIN on the W-9 forms are used by the IRS to get an idea of what the independent contractors are making and to make sure they are reporting their full income.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Which Partnerships are required to file Form 8804 and Form 8805? TaxGuru Limited Liability Company 0 05-06-2013 02:45 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning