My initial guess as to what's causing the error, is my single-member LLC may have been miscategorized in the migration to an organization account so the intended option doesn't work. As per the official W-9 instructions, a single-member LLC should be categorized as an "Individual/sole pr...
Start by reading the "General Instructions" section at the bottom of the W-9. Next, go back to the top and fill in your name or business name. For example, if you are a graphic artist and your company is Ratkowski Design, you would fill out your W-9 as "Ratkowski Design." If y...
Exempt Payee Status for LLCs Limited liability companies (LLCs) may or may not qualify as exempt payees, depending on their tax classification. The IRS recognizes three types of LLCs for tax purposes: Single-member LLCs: Typically taxed as sole proprietorships unless they elect corporate taxatio...
You'll also notice that there's another checkbox for LLC. It is used if you have a special designation associated with your LLC, such as C Corp, S-Corp, or partnership tax status. Do not use this box if you are a single-member LLC. ...
Here are the options for each box to check on Line 3: If you or your business that are listed on Line 1 as a corporation, choose Corporation. If you’re an individual, sole proprietorship, or single-member LLC owned by an individual and disregarded for federal tax purposes, choose “...
Enter the LLC’s name on the “Business name” line. For an LLC classified as a partnership or a corporation, enter the LLC’s name on the “Name” line and any business, trade, or DBA name on the “Business name” line. INSTRUCTIONS TO PRINTERS FORM W-9, PAGE 3 of 4 MARGINS: ...
If you’ve applied for anindividual taxpayer identification number (ITIN), enter your name as you entered it on your Form W-7 application, line 1a. This should also match with the name entered onForm 1040. If entering as a sole proprietor or single-member LLC, enter your individua...
In box 3, check the box corresponding to your business type: individual/sole proprietor or single-member limited liability company (LLC), C corporation, S corporation, partnership, trust/estate, LLC or other. As an independent contractor, you are an individual/sole proprietor or single-member LL...
I know this sounds counter-intuitive, but it’s what the IRS says in their instructions.If the LLC is owned by another LLC, then check the Limited Liability Company box. And also show the tax classification of the parent LLC.If the LLC is owned by one member, show the tax ...
If you're not sure what type of business entity you should select, the IRS has provided a summary table for guidance as part of the Form W-9's instructions.11 Step 4: W-9, Line 4 With exemptions, chances are you’re going to leave these boxes blank. Here are a couple of exception...