Vendor won't supply tax id
vendor will not provide me his tax ID - what do I do on 1099 reporting
70
71
b3yPdcauyr36jyacfA8pyY
01/14/10 11:55am PST
Viewed by asker 01/22/10 1:40pm PST
Viewed by asker 01/22/10 1:40pm PST
2 Replies
PhoebeRoberts
Questions asked: 87
Questions answered: 10167
Points earned: 37351
Questions answered: 10167
Points earned: 37351
Accountant Community AllStar
Advisory council of Accountant community power users.
Intuit Moderator
Mod/Co-mod
01/14/10 7:04pm PST
You withheld 28% from his payments as backup withholding when he hadn't returned the completed W-9 before you issued the first check, right? Yeah, no one else thinks to do that, either. :)
If you're never going to pay him again, you honestly don't have much leverage. If you're ever going to pay him again, the 28% haircut should work to get the number from him.
The IRS will assess the "didn't file an accurate 1099" penalty if you file a 1099 with a missing ID number. If you don't file the 1099 at all, they'll only assess it if they audit you.
If I wanted phone calls, my phone number would be in my profile. If you have a question, post it in the applicable forum.
01/27/10 6:12am PST
Latest post
I Have the same issue. I have a few vendors I cant get the tax ID from. Can I just run the 1099 forms for everyone else and go back later to run those if I get the Tax ID from them? Or should we just leave them out.....
