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I am a licensed electrical contractor, my business is an LLC. I have a new customer asking me to do work and they asked for a certificate of insurance and W9.

The CoI is normal, but the W9 is a first. I thought the only reason to ask for a W9 is when you are going to 1099 the person? And I thought you only 1099 a person , not a company?

What's the reasoning for this?
 

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Metalhaste said:
Again, I am asking why? You don't have to, the IRS doesn't require it, so I am curious why you do it.
Well I think they do require it. My accountant told me to get W-9's from everyone, so I do. Actually all the other businesses I do business with ask me for also and I oblige. It's not really a big deal. Why would you not give them one?
 

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Again, I am asking why? You don't have to, the IRS doesn't require it, so I am curious why you do it.
For no other reason then to have all their information on hand so you can send them a 1099.

When I first started out, I subbed out a few jobs to guys that I knew. I knew their name and that they lived in anytown and they did good work.

Come tax time I need to send them a 1099 (so Uncle Sam knows what I'm doing with my money). Now I really don't know anything about them. Other than they did good work and I paid them. So now I have to call around and get this information for my taxes.:mad:

W-9 them from the beginning and you're set. Info on hand when you need it.
 
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