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Payee Direct Deposit/Substitute W9 InstructionsThis form is required by Texas State University when making payments to any vendor. As per IRS rules, you are required to provide Texas State University
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How to fill out entity payee substitute w-9

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How to fill out entity payee substitute w-9

01
To fill out the entity payee substitute W-9 form, follow these steps:
02
Start by entering the legal name of the entity or business in the 'Name (as shown on your income tax return)' field.
03
Provide the business's business name, if it is different from the legal name, in the 'Business name/disregarded entity name' field.
04
Indicate the type of entity by checking the appropriate box: Corporation, Partnership, Limited Liability Company (LLC), etc.
05
Enter the business address in the 'Address (number, street, and apt. or suite no.)' field.
06
Fill in the city, state, and ZIP code in the respective fields.
07
Provide the business's taxpayer identification number (TIN) in the 'Taxpayer Identification Number' field.
08
If the entity has been assigned an Employer Identification Number (EIN), enter it in the 'Employer identification number (EIN)' field.
09
If the entity does not have or is not required to have an EIN, check the box indicating the reason.
10
If the entity is exempt from backup withholding, indicate the reason by checking the appropriate box.
11
Sign and date the form in the designated fields.
12
Keep a copy of the completed form for your records.
13
Please note that these instructions are general and may vary depending on the specific version of the form being used. It is always recommended to refer to the official form instructions provided by the IRS.

Who needs entity payee substitute w-9?

01
The entity payee substitute W-9 is generally required from businesses or entities that receive payments, such as contractors, freelancers, vendors, or any individual or company providing services.
02
It is commonly used to gather taxpayer identification information for reporting purposes, including 1099 forms, to the Internal Revenue Service (IRS).
03
The form helps the payer verify the payee's information and may also be used for backup withholding if required.
04
It is important to consult with your tax advisor or the IRS guidelines to determine if you need to fill out this form for your specific situation.
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Entity payee substitute Form W-9 is used by a third-party payer to collect necessary information from a payee who is a business entity.
Business entities receiving payments for services are required to file entity payee substitute Form W-9.
To fill out the form, the business entity must provide their legal name, business name, entity type, address, and Taxpayer Identification Number (TIN).
The purpose of entity payee substitute Form W-9 is to ensure accurate reporting of payments to the IRS.
The entity must report their legal name, business name, entity type, address, and Taxpayer Identification Number (TIN).
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