IRS Form W-9 Help

Don't worry. Just put your name
Then business .
Just report the income at the end of year.

 

i dont know the logistics of it all, i would ask an accountant about it beacuse im not one.. just that if i learned anything about the government and their forms is dont overthink it.. the way i understand it is my business being paid rather than myself personally, i am just acting on my businesses behalf. so i fill out the form with my business info..

with regards to what you said.. the name matching the tax return. it is your business being paid from the broker and you will be filing taxes on behalf of your business based on the income reported on the w9 form.. so all that means to me with regards to line 1 is make sure you are reporting on Line 1 who is being paid so you can file the taxes for the income that is being reported on the w9 form. if that makes any sense

 

the only problem with all of that. how do you seperate your business and personal finances?

 

I have a single member LLC for a non-trucking related business. You can certainly use your SSN, but you can also get and use a personal EIN even if you don't have employee's. I use the EIN assigned to my individual taxpayer account for filling out W9 forms so I'm not giving out my SSN. I've also always put my LLC name on the form and have never had an issue. The LLC also has an EIN, but I think that was only ever used for the bank account.

 

Filling Out W9 for LLC: Everything You Need to Know