There are so many tasks that must be performed by an entity’s accounting and bookkeeping department that obtaining payees’ Form W-9 often slides to the back burner.
Westlake Village, California, January 8, 2024, W9 Solicitations specializes in only one service: obtaining Form W-9s. Because of their 100% focus, they can get the job done so the payer is IRS Compliant. Compliance is not an option; it is mandatory. The IRS requires that a Form W-9 is solicited by a payer (business owner or accounting department) directly after the initial contact with a payee (Vendor, Independent Contractor, or Freelancer) and before the first payment is made.
When this action does not happen, the payer neither thinks about nor has the time to obtain a completed Form W-9 from his payees/vendors until December, or worse, until January of the following year, when 1099s are due. This is way too late.
As a result, by December, payers are stressed and frantically racing around to send out and collect completed Form W-9s from their payees to obtain their Taxpayer Identification Numbers (TIN), which are needed to prepare the required IRS Form 1099, which are due by January 31st. W9 Solicitations provides TIN Matching at no cost.
A failure to obtain and show proof that a payer has tried to get a completed Form W-9 from a payee may require the payer to withhold 24% of the amount paid to the payee, which is an extra administrative burden. Or worse, the payer could be held financially responsible to cover the 24% tax that should have been withheld.
W9 Solicitations provides:
- Initial Vendor Contact Requests Program
- Post Initial Vendor Contact Requests
- Bounced and Non-Response Follow-Ups
- Daily, Semi-Weekly, Weekly, and Monthly Payee Reminders
- Tax Identification Number (TIN) Matching
- IRS First and Second Annual Solicitations
- “Reasonable Cause” Documentation
- Pending Form W-9 Support
- Completed Form W-9 Delivered in PDF Format
- Compliance Assurance: OFAC, FBI, INTERPOL & Many Others
- Form W-9 Requests by Email, Fax, Text, Phone, & Certified Mail
W9 Solicitations services: Individuals, Freelancers, Small Businesses, Micro Enterprises, Mid-Size Businesses, Large Corporations, Government Agencies and Non-Profit Organizations.
For complete information, visit: https://W9Solicitations.com/
Media Contact:
W9 Solicitations, Inc.
Attn: Media Relations
5716 Corsa Ave., Suite 110
Westlake Village, California 91362
877-446-0666
Info@W9Solicitations.com
