When I am filling out a W9 as a 1099 contractor, do I use my SSN or the EIN that was created when I formed my LLC? I have a single member LLC.

Forum|Forum|6 years ago
June 6, 2019
2 replies
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And if I put my name on line one of the W9 (since I will file taxes using a scedule C) and my LLC name on line two, will checks be sent to me in my name, or the LLC name?

TurboTax Live Deluxe iOS

KittyM

Employee

Use your LLC's name and Employer Identification Number (EIN). The fewer people who have your Social Security number, the better.

Don't worry if you have a "disregarded entity" (i.e. a single member LLC), because your 1099's will come in the name of your LLC. When you fill out your Self-employed tax return, you will have an opportunity to report your business name and EIN to the IRS, so that your income can be matched properly.

srepoocAuthor

Turbo tax kitty, on page five of six on the W9 instructions there is a table that says if you are a disregarded entity owned by an individual, you should give your name and SSN... yet you mentioned using an EIN, what should I do?

Carl11_2

Employee

EIN - Employer Identification Number. This number is issued by the IRS to a business, not an individual.

TIN - Taxpayer Identification Number. Sometimes referred to as ITIN (Individual Taxpayer Identification Number), this number is issued by the IRS to a living, breathing person who for whatever reason, does not qualify for a social security number.

When self-employed and asked to fill out a W-9 (W-10 for some) under no circumstances and with no exceptions what-so-ever should you provide your SSN or TIN. Always provide your EIN. That way, if your EIN is abused it only affects your business. WHereas if your TIN or SSN is abused it has a very high potential of ruining your entire life forever.

If self-employed and you do not yet have an EIN, you can get one for free for your business and it only takes about 10 minutes. Just go to https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online and read and follow the instructions.

Lisa995

Employee

The only time using the EIN may prove to be an issue is if you become subject to backup withholding by the payer, they would submit that withholding under the EIN, but since you're an SMLLC you'll be filing a tax return under your SSN.

IRS computers may not be able to automatically cross reference payments submitted under an EIN with the SSN used on a 1040 and send a letter out prior to releasing any refund for that backup withholding.

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