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Stockton California Form W-9: What You Should Know

Taxpayers have the option of sending a hard copy (e.g., from a certified document provider) or they can provide Form W-9 electronically at tax When an IRS customer asks an agent to provide Form W-9 or Form 1099 for filing a claim with a tax return, the agent must send it to the tax preparer or agent that has asked. The person who asks for it to be mailed or provided electronically to the agent must fill out the appropriate portion of IRS, IRS Publication 576, Tax Guide, and ask for the information.  Form 1099, Employer-Provided Information, Reporting.  If the amount of an item of income, compensation, or wages is 1 million or more and the income or compensation is derived from an activity relating to the provision of social security benefits, section 3122 of the Internal Revenue Code (code) applies. The employer may enter an amount less than 1 million in a Form 1099 but not less than 2 million in any one Form 1099. If the amount is 1 million and less than 2 million, then the amount is reported on Form 1099-MISC and the form is not required to include that information; and If the amount is more than 2 million, then it shall be reported on Form 1099-MISC and Form 1096 filed with the Internal Revenue Service. For Form 1099-MISC only the tax return of the employer or self-employed individual must be filed because the form is for a taxpayer. The self-employment income is not the taxpayer's income and does not affect social security benefits. A Form 1099-MISC indicates the amount of a payment to a nonresident alien individual or entity, reported by the mayor as a nontaxable social security benefit. For example, a Form 1099-MISC might report the income of an alien employee when she is provided a government paid social security supplement for the employee's stay in the United States. (The amount of that social security income does not affect the amount of U.S. social security benefits. The alien can receive only that amount if he or she is not subject to taxation and meets the other requirements under section 1411(i) of chapter 4.) An individual or entity providing a Form 1099-MISC must be a person or organization.

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