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New Vendor Setup: W-9 Requirements and Withholding Obligations for Payments to a Remitting Organization
March 27, 2024
Q. I have a request to set up a new vendor. This vendor requests payment remittance to another organization name (also not on our system). I was given contact names for the organization to remit to, but no contacts for the organization invoicing us. These payments are much greater than $600. Although I was given the W-9 for the remitting organization, I have none for the invoicing organization. When I requested this, the CFO has stated I don't need their W-9 as we are paying to a remitting…
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