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Invalid tax classification on a W-9
February 13, 2023
Q. We have a vendor who selected "Other" on the Form W-9 and wrote in "Owner's Association." What tax classification would that fall under?
A.
(Answered by IOFM's third-party tax experts)
"Owners Association" is not a taxpayer classification used in the Code or Regulations and the Form W-9 doesn't give you information to support treating the payee as anything other than reportable on Forms 1099. You may ask the payee to provide a new W-9 in which they check a different box in Line 3 and if…
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