Analyzing Form W9s for 1099 Prep 2025-26

Overview

In this class, we will look at the true beginning of the Form 1099 preparation process: when a relationship with a new vendor is started. We will look at a series of Form W9s with different state-level and tax entity types. We will use that information to analyze how each vendor’sW9, in concert with information about the vendor’sgoods/services provided, influences what kind of 1099 they may or may not receive come January 31. We will also talk about when a Form W9 should be collected from a new vendor.

Highlights

• Taxes
• Form 1099
• W9
• Vendors

Prerequisites

None.

Objectives

• Recognize when a Form W9 needs to be collected from a new vendor
• Identify the process of determining when a vendor is a true independent contractor
• Analyze how the components of the Form W9 and information about the vendor
• s goods/services provided flow to the Form 1099 preparation process

Preparation

None.