W9 Question: What happens if Single Member LLC EIN on form??

Forum|Forum|4 years ago
February 17, 2022
2 replies
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I submitted a W9 with my Single Member LLC EIN on the form, with my name on the line 1 and business llc line two

However it should have been my personal number or EIN from sole prop. I believe.

What realistically happens? This was on Ebay for managed payments (1099 etc interview) and probably W9

Not A Product Question

Best answer by AmeliesUncle

@Rick19744 wrote:

The instructions to the W-9 Part 1 indicate that a disregarded entity can provide either the taxpayer's SS# or the SMLLC EIN if one was obtained.

I read it very differently.

If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN, if the owner has one). Do not enter the disregarded entity’s EIN.

https://www.irs.gov/pub/irs-pdf/fw9.pdf

KrisD15

To clarify:

Are you saying you have a Single Member LLC AND sole proprietor?

Federal EIN is connected to the filer's social security number for a Schedule C filer.

According to the IRS:

"If you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN."

IRS W9

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Rick19744

Employee

Let me summarize what you are saying and provide some input:

You completed a form W-9 for eBay
You have a SMLLC treated as a disregarded entity
Based on the instructions to the W-9, you correctly used your individual name on line 1 and the business name on line 2
You indicate that you used the EIN of your SMLLC in Part I
Unless you have employees, you are not required to obtain an EIN, however, some taxpayer's obtain one so they don't give out their SS#
The instructions to the W-9 Part 1 indicate that a disregarded entity can provide either the taxpayer's SS# or the SMLLC EIN if one was obtained.
So based on the above, I believe you are okay. Just make sure you use the EIN on your Schedule C when filing your personal tax return

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.

AmeliesUncleAnswer

@Rick19744 wrote:

The instructions to the W-9 Part 1 indicate that a disregarded entity can provide either the taxpayer's SS# or the SMLLC EIN if one was obtained.

I read it very differently.

If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN, if the owner has one). Do not enter the disregarded entity’s EIN.

https://www.irs.gov/pub/irs-pdf/fw9.pdf