When To Use W9 Forms – The form is also relevant for corporations, partnerships, and trusts in cases involving investment income or dividends. There are 18 separate 1099 forms, each related to the type of income. This form is necessary for accurate reporting of payments a business made to the vendor, contractor, or business. If a church pays $50 to an individual to have its lawn cut biweekly, that amounts to $1,300 a year.
Churches must also use form 1099s to record their business transactions.
When To Use W9 Forms
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