If a tax ID number is in the format of 55-5555555 and not a social security number is it safe to assume they are a corporation therefore I do not need to prepare a 1099-MISC?
Regards,
JW
1099-MISC/TAX ID QUESTION
Jan 19, 2008
2 Replies
No. EINs can be and are used by non-corporate entities, including sole proprietorships.
-- Rich Carreiro snipped-for-privacy@rlcarr.com
Ask them to fill out Form W-9 and send it to you.
You will then have the proper EIN, type of business entity and statement about backup withholding for this organization. Many of my clients ask for a W-9 when we start a business relationship.
-- Vic Roberts Replace xxx with vdr in e-mail address.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required