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Foreign limited partnership
June 15, 2023
Q. I recently came across a vendor whose tax classification is a Foreign Limited Partnership. My questions are: is this vendor 1099 eligible and how should they mark their W-9 form? Their W-9 form currently is marked as Other: Limited Partnership - Tax classification C-Corp and Section 4 has a 5 as its exempt payee code.
A.
(Answered by IOFM's third-party tax experts)
An entity may check only one box in Line 3 of Form W-9, which is used to specify the tax classification of the entity that is…
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