Form W9 Exempt Payee Code

Form W9 Exempt Payee Code – If you are an individual consultant the employer is requesting this as a routine procedure. An exempt payee is a taxpayer who is exempt from backup withholding. By checking the exempt payee box you are claiming that there is no tax withholding requirement as related to the employment. Financial institutions exempt payee code 12:

Fill in the blank with the code section number for the type of tax exemption your organization has, such as 501 (c) (3). In other words, it is a request for taxpayer identification. Write the street address of your organization Nominees or custodians (middlemen in the investment community) exempt payee code 13:

Common trust fund operated by a bank under irc section 584 (a) exempt payee code 11: Your first step is to make sure you understand what the form is used for. Status for purposes of chapter 3 and chapter 4 withholding, earlier.

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