Quote:
Originally Posted by AmeliaG
That's just the basic instructions which say people who work for you on a contract basis need to be 1099ed. Advertising is a product which exists whether or not someone buys it, so it seems unlikely that it's sale is somehow employee-like work.
Pretty sure my accountant thought that was weird for someone to ask for that info and I'm not seeing any kind of official IRS or even SEC link in this thread with any special case details.
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Get a CPA's opinion or an IRS enrolled agent (Accounting certification).
You are possibly liable in an audit situation for 28% backup witholding if you pay anyone without first obtaining a W9 and verifying the taxpayer ID.
If you want to try to decipher the fine print ...
http://www.irs.gov/instructions/iw9/ar02.html