Collecting W-9s from contractors
Free
Can You Write Off Collecting W-9s From Contractors?
Short answer: Get a W-9 before paying a contractor; without a valid TIN you must backup withhold 24%.
Pay contractors on a 1099-NEC once you pay them $2,000 or more in 2026; misclassifying employees as contractors triggers back payroll taxes and penalties.
Records to keep: Keep the receipt, proof of payment, and a note or log showing business use; for mixed-use items, track the business percentage.
Collecting W-9s from contractors
Free
General Business
Get a W-9 before paying a contractor; without a valid TIN you must backup withhold 24%.
Business justification
Get a W-9 before paying a contractor; without a valid TIN you must backup withhold 24%. Pay contractors on a 1099-NEC once you pay them $2,000 or more in 2026; misclassifying employees as contractors triggers back payroll taxes and penalties.
Category
- Business Equipment & Products