- Membership
- Certification
- Events
- Community
- About
- Help
Vendor specifying "Other" on W-9
January 30, 2023
Q. I have a vendor who selected (Other - Partnership of Corporations) on line 3 of the W-9. I am not sure what this means and if the vendor is 1099 reportable.
A.
(Answered by IOFM's third-party tax experts)
"Partnership of Corporations" doesn't give you a status on which to base treating the payee as exempt from being reported. "Partnership of Corporations" isn't a taxpayer category in the I.R.C. or regulations. If the vendor doesn't furnish anything other than this, the prudent treatment is…
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?
