W-9 Contractor Form
Definition
A W-9 is an IRS form that contractors and subcontractors complete to provide their legal name and taxpayer ID to clients who will issue 1099 forms at year-end. Property managers and businesses are required to collect a W-9 from any contractor they pay $600 or more in a calendar year.
Common Questions
Real-World Example
You'd see this when a property manager in Vancouver, WA onboards CRM Services as a vendor for the upcoming year — a current W-9 and COI are required before any work order can be issued.
Why It Matters
Maintaining current W-9s and COIs with each property management client is a standard CRM Services onboarding requirement.
Related Services
Related Terms
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