Will Radio Station Send Me W9 Form For Prize

Will Radio Station Send Me W9 Form For Prize – This topic does not cover a prize or award received from foreign sources. Don't know what a w9 form is used for ? For information on an award you received from a foreign source, see publication 525, taxable and nontaxable income. The tool is designed for taxpayers who were u.s.

Citizens or resident aliens for the. These rules also apply to winnings from raffles, lotteries and other types of contests. One of the reasons listed will be prize winnings. Isnt a w9 for a person that works.

Will Radio Station Send Me W9 Form For Prize

Radio station told me it was for their information only but its a tax form any help. Just don't know if me filling out the w9 then the w9 goes to the irs and ssdi? And will it effect my ssdi ?

This withholding will be paid and reported to the irs by the issuer of the prize. This interview will help the recipient of a prize or award determine if the prize or award is taxable. I don’t now why the radio station would have me fill this w9 out for $500 ?

Generally speaking, however, the irs wants to hear about any amount of income you earn.

1250 WHNZ Contact Info Number, Address, Advertising & More 1250 WHNZ