Form W9 Request For Winning A Prize

Form W9 Request For Winning A Prize – There's more & you can find the full article at: Did you win this prize in 2017 or 2018? The tax rate will depend on that because of tax reform.

Use a method other than reply to confirm the legitimacy. W9 is the form to enable the awarding entity to account for paying you the award you won. For example, if you won a sofa with a list price of $2000 but the store always has it on sale for $1199, then $1199 is the value of the prize. In itself it's not fishy.

Form W9 Request For Winning A Prize

Form W9 Request For Winning A Prize

In 2017, i think you would pay 0% on $1050 plus 10% on $1050 plus your parents' tax rate on the remaining $900. However, spear phishing being what it is, it does not hurt to confirm the validity of the request. It's a standard requirement for practically every business organization.

Was the win in 2016 or 2017? In 2018 the tax rates on trusts will apply. Although this list isn’t inclusive, here are some.

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Is this a scam? Asking to fill out a W9 to claim a prize (including my ssn) r/Scams