- Membership
- Certification
- Events
- Community
- About
- Help
Reporting prize items to winners
February 16, 2024
Q. Our company gave away three items at a show valued over $800 each. One of the recipients does not wish to provide personal info on a W-9 and instead wants to know if he can provide a W-9 for the company he works for. Is that acceptable?
A.
(Answered by IOFM's third-party tax experts)
The federal tax Regulations at section 31.3406(d)-1(d) require that "the payee must furnish the payee's taxpayer identification number to the payor" and in the situation you described if the individual person…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
