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Davenport Iowa Form W-9: What You Should Know
We can help you with the following questions: Q: I am a local taxpayer. How should I prepare the return? EIN = Exempt Organization A: The IRS has recently revised its guidance around the use of social security numbers as taxpayer identification number — Social Security Card Exemption Statement. If your taxpayer identification number is 8-20-32, you do not need to prepare your social security number. If your taxpayer identification number is 8-20-33 or above, you need to submit your social security number as part of your payment. If you do not have a social security number, the return does need to include the full amount due in box 7 — IRS Form 940A. This does not mean that you have to give the IRS your social security number. You can also get a free copy of the Form 940A by visiting the Internal Revenue Service website on IRS.gov. A Social Security number is needed to access certain benefits available to residents, such as free federal student loans and Medicare. However, if your taxpayer identification number is 8-20-44, your social security number is not needed to access all such benefits. Q: My return has the required Schedule C on it, but is completely blank other than this line: 0 (See below) A: See the information for Form 990 — Important Information, available on IRS.gov. The first paragraph on line 3 of Form 990 — Important Information states: “The fee may be waived if the Form 990 or other document was filed by the taxpayer or a related person on a calendar day within the current tax year.” This means that if your income is over the exemption level, you may get a refund and pay no tax. There is also a box for a signature on line 17. Check this box if your Social Security number comes from something other than this form. Q: My return has the required Schedule C on it, but is completely blank other than this line: 0 (See below) A: See the information for Form 990 — Important Information, available on IRS.gov. If your Schedule C is completed, that should be the first page of the return. If the first page shows you can't pay any tax owed, you need to prepare a new return.