Thank you!! This is the stuff they need to teach in schools!

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:14am PST] @SaintOres.com Thanks Agustin, I agree, but you don't learn it until you get out into the real world. And it can be an expensive lesson.

@gigtaxservices

Жыл бұрын

@@KatieStOresCFPChFCEA How about Cannabis.. As an employee how do the file?

@brisaserna8848

Жыл бұрын

they do. Financial Algebra

@markchayer325

Жыл бұрын

@@KatieStOresCFPChFCEA hey Katie I have a question? So if I put in my bank account number and routing number, would this be optional or how would I get paid. Would it be sent by a paycheck. No idea

@KatieStOresCFPChFCEA

Жыл бұрын

@@markchayer325 Hello Mark, There is no bank or routing number on a W-9. A W9 form is a tax document used to provide a taxpayer identification number (TIN) to someone who is required to file an information return with the IRS. The form is used by individuals and businesses to provide their TIN to payers or brokers who are required to file information returns with the IRS.

This lady will never know how grateful I am for her videos. I forget all about this channel until I need it and it never fails to give me concise How To Do’s. All I can do it send her a tip$ 🙏

Thank you. Great video. You go right in and start explaining. So refreshing!

@KatieStOresCFPChFCEA

3 жыл бұрын

Thanks Patti, Glad you enjoyed it! Nothing worse than people begging for subscriptions for the first 3 minutes of the video.

Thank you! No extra fluff and straight to the point. You're awesome.

@KatieStOresCFPChFCEA

3 ай бұрын

3:46pm PST SaintOres.com Thanks Brownie, I also don't like it when people spend two minutes at the beginning of a video talking about liking and subscribing....

Thanks for walking us through that, Katie. Great attention to detail and dismissing the things we don't need to stress about. Thanks!

@KatieStOresCFPChFCEA

Жыл бұрын

Thanks Shannon, Glad it was helpful! No need to stress out about a IRS form.

I literally feel like I'm learning from Angela from the office. Love it!!

@KatieStOresCFPChFCEA

11 ай бұрын

Thanks Blaze... But there's a huge difference, Angela likes cats and I prefer horses.

Love the way you explained step by step through this screen.

@KatieStOresCFPChFCEA

Жыл бұрын

[11:21am PST] @SaintOres.com Thanks Fawad, I'm happy you liked it.

Thank you very much this video not only helpful but as straight to the point. Great work!

@KatieStOresCFPChFCEA

11 ай бұрын

[9:12am PST] @SaintOres.com Thanks Anthony, I'm glad it was helpful.

OMG. I hope i dont sound childish but i need things explained with why and why not. YOU ARE THE BEST

@KatieStOresCFPChFCEA

10 ай бұрын

Thanks Guardian, I do my best to explain things as well as I can. Appreciate the nice comment.

Thank you! it is the first time I will have to file taxes in this country and this info is wonderful! thank you very much!

@KatieStOresCFPChFCEA

3 жыл бұрын

[11:53am PST] @TaxesbyKatie.com De nada Isima, Congratulations. In a way, I love paying my taxes. It makes me feel like I am contributing and involved.

@SoyIsima

3 жыл бұрын

@@KatieStOresCFPChFCEA Right! same here! keep it up doing educational video who all of us who want to contribute to this amazing country!

Awesome! This is just what I was looking for!

@KatieStOresCFPChFCEA

Жыл бұрын

[10:44am PST] @SaintOres.com Thanks Rationalific, Glad I could help!

Thank You So Much! You helped me finally exhale after a week of questioning with no defined answers. TWO THUMBS UP! :0) 100% EXCELLENTE"

@KatieStOresCFPChFCEA

2 жыл бұрын

[2:34pm PST] @TaxesbyKatie.com Thanks Lyeta, That was my first "Excellente"

@lyetaherb4703

2 жыл бұрын

😉👍🏾IT'S A STRAIGHT FACT👉🏾👉🏾👉🏾100%*****

Awesome vid. Thank you! Very easy and simplified. Thank you

I just watch your W9 video thank you so much it helped me out to fill out for a customer so I can be able to receive loads

@KatieStOresCFPChFCEA

3 жыл бұрын

[11:21am PST] @SaintOres.com Thanks Sherry, Glad I could help.

Thank Katie for the video - very helpful and much appreciated!

@KatieStOresCFPChFCEA

Жыл бұрын

[09:44am PST] @SaintOres.com Thanks James, Glad it was helpful!

Fantastic Video and very informative. Thank you for this, Katie.

@KatieStOresCFPChFCEA

3 жыл бұрын

Thanks Jude.... I just saw your comment.

Thanks a lot of the info, i did read the W9 but its so much better when someone walks you through it lol

@KatieStOresCFPChFCEA

6 ай бұрын

Thanks Kenpachi, I agree, who wants to spend a bunch of time reading IRS directions.

I just watch your W9 filled it helped me out so much because I needed to fill one out to get Load for a customer thank you so much and I did subscribe

@KatieStOresCFPChFCEA

3 жыл бұрын

Hello Sherry, Thanks for subscribing. I plan on doing as many government forms as possible.

Thank you so much!!! Took some stress off of my shoulders! 🙏

@KatieStOresCFPChFCEA

5 ай бұрын

Thanks Elizabeth, You're so welcome! Taxes and stress relief will be on my next business card.

Extremely helpful and informative. THANK YOU!

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:51am PST] @TaxesbyKatie.com Thanks King, Glad it was helpful!

Excellent job explaining the details!! ❤️👌🏽🥇

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:49am PST] @SaintOres.com Thanks Doc, I'm glad it was helpful.

This was GREAT and simple. Thank you :)

@KatieStOresCFPChFCEA

3 жыл бұрын

[9:32am PST] @SaintOres.com Thanks Esther, You're very welcome!

Thank you great explanation especially knowing when to use between the EIN and SS.

@KatieStOresCFPChFCEA

Жыл бұрын

[8:55am PST] @SaintOres.com Thanks Kasi, Glad it was helpful!

Katie, I greatly appreciate your video, god blessed you…

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:31am PST] @SaintOres.com Thanks Henry, Glad it was helpful!

Thank you so much. You explain every detail on this video.

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:54am PST] @SaintOres.com Thanks Jessica, Glad it was helpful!

Thank you for this video! It helped me fill out the form.

@KatieStOresCFPChFCEA

2 жыл бұрын

[5:28pm PST] @TaxesbyKatie.com Thanks Sheila, Glad it helped!

Thank you, ma'am. Your explanation was very helpful. Thumbs up for your pretty good explanation!

@KatieStOresCFPChFCEA

3 ай бұрын

9:56am PST SaintOres.com Thanks Zeeshan, I appreciate the nice comment. Glad it was helpful!

This is a great video, very thorough instructions on how to fill out form.

@KatieStOresCFPChFCEA

2 жыл бұрын

[2:57pm PST] @SaintOres.com Thanks Julio, I don't get too many "great video" comments. I appreciate it.

You are awesome. "Let get going". I love it. Please do more

@KatieStOresCFPChFCEA

Жыл бұрын

[11:02am PST] @SaintOres.com Thanks Kimberly, I plan to do as many as I can. Great thing about the IRS, they have lots of forms.

Thanks Katie. Awesome!!!

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:21am PST] @SaintOres.com Thanks Jazz, I appreciate the "Awesome"

Nice and easy to understand and you got to the point!!! You are amazing

@KatieStOresCFPChFCEA

4 ай бұрын

Thanks Viv. I hate it when I have to listen to "like, subscribe, and comment" for two minutes before the video.

@vivtalks1471

4 ай бұрын

@@KatieStOresCFPChFCEA you are awesome !!!! & me too 😂

Thank you so much , I love your video and explanation I understand everything.

@KatieStOresCFPChFCEA

Жыл бұрын

[3:01pm PST] @SaintOres.com Thanks Veneta, I appreciate the kind comment and I'm glad you 'LOVED' the video....

Thank you very much, the video was very informative and concise.

@KatieStOresCFPChFCEA

2 жыл бұрын

[9:52am PST] @SaintOres.com Thanks Hen, Glad it was helpful!

‌Thank you ma'am I follow you from Afghanistan and I was able to fill this form according to your instructions ❤️❤️

@KatieStOresCFPChFCEA

Жыл бұрын

Hello to Afghanistan, I'm glad the video was helpful.

Thank you very informational 🙌🏾

@KatieStOresCFPChFCEA

9 ай бұрын

Hello Matth, Your welcome and I'm glad it was helpful!

Thanks for the videos and the information ..💐

@KatieStOresCFPChFCEA

3 жыл бұрын

You're welcome Adam.

Thank you for helpful and greatly explained video 🙏🏽

@KatieStOresCFPChFCEA

2 жыл бұрын

[3:48pm PST] @SaintOres.com Thanks Maki, Glad it was helpful!

Thank you very much for your help!!

@KatieStOresCFPChFCEA

2 жыл бұрын

[1:59 pm PST] @SaintOres.com Thanks tool & die guy, Glad it helped!

Excellent Explanation!

@KatieStOresCFPChFCEA

2 жыл бұрын

[3:23pm PST] @SaintOres.com Thanks Brian, Glad you think so!

hello katie excellent videos even though i don't speak much english i managed to understand make videos with spanish subtitles you will win more success thanks

@KatieStOresCFPChFCEA

3 жыл бұрын

Thanks Rebeca, De nada.

Great video. Thanks for all the detailed information.

@KatieStOresCFPChFCEA

Жыл бұрын

[11:11am PST] @SaintOres.com Thanks... And I love your featured page at your KZread channel: 'arturo does it all' Here's the link: kzread.info/dron/X3g5JIpeZb4b_pI6zFGiFQ.htmlfeatured. Never seen anyone eat a burger on their featured page before.

Thank you very much!

@KatieStOresCFPChFCEA

Жыл бұрын

[10:30am PST] @SaintOres.com Thanks Zeeshan, You're welcome!

Excellent video. Thank you.

@KatieStOresCFPChFCEA

2 ай бұрын

Thanks for your "Excellent" comment. Glad the video was helpful!

Thank you so much for this video

@KatieStOresCFPChFCEA

Жыл бұрын

[11:34am PST] @SaintOres.com Thanks NaKeitha, You are so welcome!

Superb explanation!

@KatieStOresCFPChFCEA

8 ай бұрын

Thanks Tenzin, for the superb comment.

This is really helpful. Thank you very much.

@KatieStOresCFPChFCEA

2 жыл бұрын

[4:49pm PST] @SaintOres.com Thanks TC, Glad it was helpful!

Thank you, this was so helpful

@KatieStOresCFPChFCEA

2 жыл бұрын

[1:12pm PST] @SaintOres.com Thanks General, Glad it was helpful!

Thanks, Katie!

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:11am PST] @SaintOres.com You're welcome Thugganificent.....

You are amazing you made my day🙏

@KatieStOresCFPChFCEA

2 жыл бұрын

[2:08pm PST] @SaintOres.com Thanks Helen, I like the 'amazing' part.

Thanks!

@KatieStOresCFPChFCEA

Жыл бұрын

[4:15pm PST] @SaintOres.com Your cash infusion will be put toward my next video. Or maybe toward a slice of pie at the new restaurant that opened here next to the office. Either way, thank you.

Thanks! Katie.

@KatieStOresCFPChFCEA

Күн бұрын

Thanks Monopoly Man. Or is his name Cash Uncle? I can't remember.

Great video.Thanks for sharing.

@KatieStOresCFPChFCEA

Жыл бұрын

[3:18pm PST] @SaintOres.com Thanks Patricia, I appreciate the nice comment.

Thank you so much!!

@KatieStOresCFPChFCEA

3 жыл бұрын

[9:52am PST] @SaintOres.com Thanks Jake, You're welcome!

Thank you, very helpful.

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:15am PST] @SaintOres.com Thanks Jeannie, Glad it was helpful!

Excellent video with no distracting music! Thank you!

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:11am PST] @SaintOres.com Thanks Serenity, Glad you liked it...

Thank you so much you cleared a lot for me 😍😍

@KatieStOresCFPChFCEA

4 ай бұрын

Thanks Selma, and you’re welcome 😊

Thanks for the info.

@KatieStOresCFPChFCEA

3 жыл бұрын

No worries!

The way you explain every single step and with details is just AWESOME. I love to watch your videos and learn from them. You make me grow an interest for taxes and accounting. Thank you so much for taking the time to create these very educational videos.

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:33am PST] @SaintOres.com Thanks Scarlet, that's one of the nicest comments I've ever received. Makes me want to film another tax video this afternoon. (fyi - I hate being on film....) thanks again.

@scarletp6971

2 жыл бұрын

@@KatieStOresCFPChFCEA you're very welcome. I can't tell you don't like to be film 😉. I'll keep watching them for sure.

@KatieStOresCFPChFCEA

2 жыл бұрын

[4:25pm PST] @SaintOres.com Thanks... And if you ever have any ideas for videos you'd like to see, let me know. I'll be adding small business and stock market investing to the tax stuff. I think it all kind of goes together.

@scarletp6971

2 жыл бұрын

Have you made videos about how to schedule/report payments as small business for 1099? Since we just started our business I was trying to find what should I do with independent contractors payments? Such as, wait until the end of the year to add the payments for every single independent contractor and record as a whole sum at once? Or, to record every payment during the year on my bookeeping software? Does it matter if it is recorded as a whole sum one time payment? Or, several payments as services are provided? 🙂

@KatieStOresCFPChFCEA

2 жыл бұрын

[12:31pm PST] @SaintOres.com Hey Scarlet, If you paid an independent contractor $600 or more in a calendar year, you are responsible for sending the contractor a completed 1099-MISC (Copy B) by January 31 of the following calendar year. The correct way is to record every payment during the year in your bookkeeping software for each contractor.

Sad that high school dont teach you this.

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:13am PST] @SaintOres.com I agree. You have to get out into the real world to learn a lot of business stuff. But now we have University of KZread.

i'm a photographer and companies asks for this, thanks for the tutorial :) - jho

@KatieStOresCFPChFCEA

Жыл бұрын

[10:51am PST] @SaintOres.com Thanks Jho, Glad it helped out.

Thank you very much this was really helpful. Need to fill out a w9 for My Merch Store, and wasn't sure what to fill out for line 2! Thanks so much :)

@KatieStOresCFPChFCEA

11 ай бұрын

[11:06am PST] @SaintOres.com Hello Scalelord, Glad it was helpful! And good luck with the Merch...

Hi - this was very helpful! I have to submit a W9 to an government entity that says they will only make payments to what you list in line 1 as the Name. However, I want them to pay my SMLLC and not me personally? How do I handle this? Can I put my SMLLC in line 1 as the Name and it's EIN? Otherwise, it seems they will send checks to my personal name and not to my business

Thanks so much 🙏

@KatieStOresCFPChFCEA

Жыл бұрын

[9:13am PST] @SaintOres.com Thanks Ben, I'm glad it helped....

Thank you very much your KZread is very clear answer…I click like and subscribe for u now

@KatieStOresCFPChFCEA

Жыл бұрын

[4:05pm PST] @SaintOres.com Thanks Tip Tip, I'm glad the video helped. And welcome aboard.

Thanks for the video! Maybe in the next videos you show us how to fill form 7202) and who is eligible for applying this form

@KatieStOresCFPChFCEA

3 жыл бұрын

Thanks Anastasiya, I'll look into making that video.

Great video

@KatieStOresCFPChFCEA

2 жыл бұрын

[1:43pm PST] @TaxesbyKatie.com Thanks Bless, Glad you enjoyed it...

thank you so much you help me out with this and i will buy cup as well

@KatieStOresCFPChFCEA

2 жыл бұрын

[1:42pm PST] @SaintOres.com Thanks Jarel, I'm glad the video was helpful....

Greta video, Katie! What about the tax id if you are a single-member LLC owner who does not have SSN?

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:29am PST] @TaxesbyKatie.com Добрый день Niki, I just don't have enough detail to give you a competent answer, but depending on your situation, you might need to complete Form W-8 instead of a Form W-9. If you have an ITIN you should be able to use it instead of an SSN.

Love how you went through the line items step by step - great vid! Question: I am a sole proprieter and I don't want to give clients my SSN or home address for privacy reasons. I will get an EIN to protect my SSN. For the address line on the W9, can I use a PO Box? I've read that you can by only if I can't get mail to my home address (per statement on 1040). So does that mean I am forced to show my client my home address (I can receive mail at home)?

@KatieStOresCFPChFCEA

2 жыл бұрын

[2:34pm PST] google.com/localservices/review/taxesbykatie Hey Jason, Yes, you can use a PO box number on a form W-9. This is the address where the requester will send your tax forms (1099-MISC).

@alalal123421

2 жыл бұрын

@@KatieStOresCFPChFCEA so using an EIN ok? I dont want to share social security. I am an independent contractor from what I understand I say individual/sole proprietor on the form and in that case either one works is that correct?

@KatieStOresCFPChFCEA

2 жыл бұрын

@@alalal123421 [11:51am PST] @SaintOres.com Hey PA, Per IRS instructions if you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN.

Thank you for this video. I notice that the form and instructions were changed in March 2024 compared to what you show on the screen (dated Oct 2018), and one of the IRS revisions is its explanation for Part I concerning SSN vs. EIN for single-member LLCs that are disregarded as an entity. Specifically, the sentence that previously said NOT to use the EIN has been removed. So, the way I read it, the instructions direct one to use the EIN if they have it. Have you seen this March 2024 change, and wouldn't it change your video instruction and your various answers to viewers' questions about SSN vs. EIN where you tell them to use the SSN and not to use the EIN based on the "old" version of the form? I myself do not know the answer, but put it to you. Thank you.

@mcalways

8 күн бұрын

Great question! As I do not feel comfortable using my personal SSN on a form being sent to a customer. 🥴

@KatieStOresCFPChFCEA

5 күн бұрын

Hello Alex, Sorry for the delay, your comment went to "Held for review" . Per IRS instructions it is the same as it was... Owner's SSN or EIN , but NOT LLC's EIN. Here is a direct link to the IRS instructions. www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies

Hi Katie, the information you provide is very clear and helpful. Question, how should I complete it if we are a three-member LLC but in SS4 are a disregarded entity? Thanks!

@KatieStOresCFPChFCEA

5 ай бұрын

Hello Gerardo, Per IRS rules- A disregarded entity is ONE person. Three member LLCs will be a partnership or S corporation. Without knowing your exact situation, you will probably need to apply for a new EIN for a different type of entity.

Hi Katie! Thank you for the video! I just got back the W-9 form from the person I’ll work with, what do I have to do with the form next?

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:27am PST] @TaxesbyKatie.com Hello Mariann, Then you use that information from the completed W-9 to fill out a Form 1099.

Tks for this info

@KatieStOresCFPChFCEA

Ай бұрын

Thanks Skippy.... I glad it was helpful.

Thank you a lot Katie for your great explanation. I have a question about the part of signing which is often not deeply explained for the case of the US Multi-Member LLC owned by foreign individual owners (not US residents). Do one of these Member Managers have to sign it with his full legal name even if he is not a US Citizen nor Resident or we have to put the Legal name of the LLC as a signature (as it's considered a US Person) ?

@KatieStOresCFPChFCEA

2 жыл бұрын

[1:02pm PST] @SaintOres.com Hello Ghost, Sorry about sending you the response to Dave's comment. KZread comments can be confusing. As for your question, I would advise you to contact an attorney that specializes in this field.

@hawkknight7616

2 жыл бұрын

@@KatieStOresCFPChFCEA No problem, Thank you 🙂

Short (to the point), sweet, and simple. Well explained. Thank you!

@KatieStOresCFPChFCEA

Жыл бұрын

[12:24pm PST] @SaintOres.com Thanks 11Third, I appreciate the nice comment. But you could have used the word amazing after sweet.... Maybe next video.

Thank youuuuuuuu

@KatieStOresCFPChFCEA

Жыл бұрын

[10:44am PST] @SaintOres.com Youuuuuuuuu're welcome.

Thank you

@KatieStOresCFPChFCEA

3 жыл бұрын

You're welcome Day....

Hello, what date should we put? The actual date you signed or the original date when the business started and first completed a W9?

Hi luv the video but if i started an llc with more than 2 ppl after i already was working as an independent do i still put the bis name and or EIN?

@KatieStOresCFPChFCEA

8 ай бұрын

Hello Byrd, even if you started an LLC with more than two people after you were already working as an independent, you should still put your business name and EIN (company's EIN) on the W-9 form.

it also has (OR EIN IF OWNER HAS ONE) for the TIN on the first page.

Hi, your video was great, but I'm confused based on line 2. I got this form W9 after I left this previous company & this form is based on the previous company which I worked for earlier. Currently, I work for a different company, so what should I do? Please help. Thanks.

Hi, thanks for this helpful video. What about those who has a single member LLC but don't have a SSN? They should be writing EIN in part1, am I right?

@KatieStOresCFPChFCEA

10 ай бұрын

Hello Fatih, A single-member LLC with no SSN should not write an EIN in Part I of Form W-9. Instead, they should write "SSN Not Applicable" or "TIN Not Applicable".The IRS considers a single-member LLC a disregarded entity for federal tax purposes. This means that the LLC is not a separate taxable entity from its owner. As a result, the owner's SSN is used for all tax reporting purposes, including Form W-9.

Hi, your video is helpful! I am a little bit confused on the second line, the business name, I work for Cross Country Healthcare agency, should I put their name on line 2? Thank you for your answer in advance.

@KatieStOresCFPChFCEA

11 ай бұрын

[4:09pm PST] @SaintOres.com Hello Kyla, If you are working as a contractor for Cross Country Healthcare, you complete W-9 as an individual and will omit the section with the business name.

Great video. Thank you. What would i put if i am working for a company asa free lance photographer? For Box 3, which am I Partnership or Individual proprietor?

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:01am PST] @SaintOres.com Hey Ralph, For Box 3 you should mark Individual/sole proprietor since you are a freelancer.

If I have an itin. I can open a DBA and work as an independent contractor? And pay my taxes that way with the 1090?

Hi Katie! Thanks for making these fantastic videos :) quick question: Should I give my US clients a W-9 or W-8BEN? I'm a Non-resident alien (UK citizen & resident) and 100% owner of a Wyoming single-member LLC (disregarded entity). Thanks!

@KatieStOresCFPChFCEA

2 жыл бұрын

[11:18am PST] @SaintOres.com Hey Dan, A customer should request a W-8BEN from you. The form sometimes referred to as a "certificate of foreign status," establishes that the individual is both a foreign person and the owner of the business in question.

@danbaker8490

2 жыл бұрын

@@KatieStOresCFPChFCEA Thanks so much for taking the time to answer! :)

@KatieStOresCFPChFCEA

2 жыл бұрын

[9:22am PST] @SaintOres.com You're welcome....

Hello, question. If I have an a sole prop/single member LLc but have a EIN for the business. Which do I use my social or the EIN?

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:24am PST] @SaintOres.com Hey Alexandra, Per IRS rule, If you are a single-member LLC that is disregarded as an entity, enter the owner’s SSN (or EIN, if the owner has one). Do NOT enter the disregarded entity’s EIN. Hence, enter your SSN.

Thank you so much for this! If I'm an LLC taxed as an s-corp, should I automatically include the exemption code for 'corporation'?

@KatieStOresCFPChFCEA

2 жыл бұрын

[4:23pm PST] @TaxesbyKatie.com Hey Annette, You are an LLC taxed as an S-Corp, and an S-Corp is a pass-through entity. Backup withholding exemption doesn't apply to you. This is for Corporation (C- Type).

@skwerl81

2 жыл бұрын

@@KatieStOresCFPChFCEA ah, that makes sense - thank you SO much for your reply! ☺

@KatieStOresCFPChFCEA

2 жыл бұрын

[4:35pm PST] @SaintOres.com You're welcome....

Question: I have a tenant who lost his job and isn't able to pay his rent. My tenant has signed up for the "Renters assistance program ".Do I have to fill out a W9 on my behalf in order for him to get approved?

@KatieStOresCFPChFCEA

2 жыл бұрын

[12:51pm PST] @SaintOres.com Hey Big, You have to contact the customer service staff of that "renter's assistance program" and verify it with them since it is state and program specific.

Very helpful I want fill W9 form for my litle business I mean like I have a label Music I hook on individual single member llc , I need more help

@KatieStOresCFPChFCEA

Жыл бұрын

[10:44am PST] @SaintOres.com Hello Record Producer, What do you need more help with?

Great video..Can you use 1099C for student loan??

thank u I was so confused and worried about how a 1099 worked i fill this W-9 form as a individual then i send it to the person requesting it then they sent me a 1099 form with the address i provided and i file taxes with that 1099 right ?

@KatieStOresCFPChFCEA

5 ай бұрын

Yes...You are correct.

My business is not established yet but I opened an LLC - Sole member and I was given EIN when I filled LLC. In the mean I have separate/different job. My question which box I should select. Also in line 1 what should put the entity or my name because a company is asking to put the entity name with LLC. You support much appreciated. Thank you.

@KatieStOresCFPChFCEA

Жыл бұрын

[11:04am PST] @SaintOres.com Hello Mo, You should check the very first box "Individual/Sole Prop or Single -Member LLC". You can input your business name in the Box 2. Since you are a single-member LLC (disregarded entity), enter the OWNER'S SSN (or OWNER'S EIN, if you have one). Do NOT enter the DISREGARDED ENTITY's EIN. EXAMPLE, Jon Doe has SSN and EIN. Jon Doe has disregarded an entity called Green House (Green House has its EIN). So, on the form, Jon Doe will provide his SSN or EIN, NOT Green Houses' EIN, because Green House is a disregarded entity.

Hi Katie. Forgive me if you answered this below. I looked and couldn't find anything. I'm a single member LLC with a different DBA. Do I put my LLC name as well as my DBA under line 2 or do I leave my DBA off all together? Thank you so much!

@KatieStOresCFPChFCEA

3 ай бұрын

Hello Kyle, Line 2: enter the name of your LLC. After, in the same box write "dba" followed by your DBA name.

@kylejantzer5388

3 ай бұрын

@@KatieStOresCFPChFCEA Awesome! Thank you soooo much!

@KatieStOresCFPChFCEA

3 ай бұрын

You're welcome.....

Great Video thanks for sharing. I have LLC with 2 members. Can I leave Line 1 blank? I'm going to put business name on line 2 and I'm going to select LLC P on line 3, and EIN # in Part 1.

@KatieStOresCFPChFCEA

5 ай бұрын

Hi Alaa, No, you Can't leave Line 1 blank. Enter the legal name of your LLC on Line 1. Enter the LLC's DBA name on Line 2 (optional). Check the box for "LLC treated as a partnership" on Line 3 and enter "P" in the space provided. Enter your LLC's EIN in Part 1.

I see that you are replying to comments. Would you tell me which box I need to choose for my father if he is just a truck driver who work with a company?

@KatieStOresCFPChFCEA

2 жыл бұрын

[10:59am PST] @TaxesbyKatie.com Hello Jonik, I don't have enough information to answer your question accurately.

Thanks for your help, but what about if this form is been requested for being an obligor? so that they can return money to you.

@KatieStOresCFPChFCEA

Жыл бұрын

[1:16pm PST] @SaintOres.com Hello Javier, An obligor is a person or entity that legally owes money to another person or entity. Not sure why they will be returning money to you unless you overpaid.

Hi, I wanted to ask if H1B visa holders are cosidered US citizens or US resident? I have only been here for 2 months.

@KatieStOresCFPChFCEA

Жыл бұрын

Hello Rhanty, Welcome to the US. No, H-1B visa holders are not considered US citizens or US residents. They are temporary non-immigrant workers who are allowed to stay in the United States for a specific period of time to work in a specialty occupation that requires a bachelor's degree or higher. H-1B visa holders are subject to certain restrictions, such as the requirement to maintain their status by continuing to work for the sponsoring employer and the requirement to leave the United States if their status expires. H, H-1B visa holders may be able to apply for a green card, which would grant them lawful permanent residence in the United States. There are a number of ways to apply for a green card, such as through employment, family sponsorship, or the diversity lottery. Hope this helps.

If my name and my dads name is on my property do I put his name down as well and which box do I check my tenant needed this form to get rent assistance?

@KatieStOresCFPChFCEA

2 жыл бұрын

Hey Malitta, You have to put the name of the person who is reporting the rental income on their tax return. If you reporting it as Schedule E income on your personal return, you will have to check the box for an Individual/ Sole proprietor.

If we have an LLC in a community state (Texas) as husband and wife (disregarded entity). How would we fill out a W9, should we identify as SMLLC?

@KatieStOresCFPChFCEA

Жыл бұрын

[12:55pm PST] @SaintOres.com Hello Cris, Per the IRS, it is accurate to say that a single-member limited liability company (SMLLC) has only one member. However, the IRS has a special rule applicable to LLCs owned by married couples who live in community property states. Under this rule, a married couple CAN treat their jointly owned business as a disregarded entity for federal tax purposes if: the husband and wife wholly own the LLC as community property under state law no one else would be considered an owner for federal tax purposes, and the business is not otherwise treated as a corporation under federal law. If this applies to your situation, you can identify as SMLLC on W-9 you are completing.