R2026-005 - Laserfiche WebLink

Home Browse Search

Paqe 3 Form W-9 (Rev.3-20241 Certain oavees and pavments are ex€mpt from backup wrthholding' Sei txempt'payee code,'later, and the separate lnstructions {or the Requester of Form W-9 for more information. See also Establishing U.S- status for putposes of chapter 3 and chapter 4 withhalding. eatlier. What ls FATCA RePorting? The Foreign Account Tax Comphance Act (FATCA).requires a participating foreign financial institution to report all U.S. account irolders tnaiare siecified U.S. persono. Certain payees are exempt from f niCA t"porting .'See Exemption from FATCA rcpofting 9o-de' later' and the lnstru;tionsior the Requester of Form W-9 for more information' Updating Your lnformation You must provide updated information to any pelson to lvhom you claimed to be an exempt payee if you are no longer an exempt payee and anticipate receiving rep6rtable payments. in the future {rom this ploon. i5.i*u.ple, y-ou may neeLou are a C corooration that elects to be an S corporation. or if you are iolonq.t tu" exempt. ln addition, you must fumish a newForm W-9 if ine naire or TtN changes for the aicount, for example, if the grantor of a grantor trust dies. Penalties Failure to fumish TlN. lf you fail to fumish your conect TIN to a requester, you are subieci to a penalty of $50 for each such..fuilure unless youi failure is due to reasonable cause and not to willful neglect' Civil oenaltv for false information with respect to withholding' lf you maki a fal# statemenl vrilh no reasonable basis that results in no backup withholding. you are subiect to a S500 Penalty. Crinrinal penalty for falsitying inforrnation. Willfully falsifying certificati6ns or iffirmationi may sublect you to criminal penalties including fi nes and/or imprisonment' Misuse of TlNs. lf the requester discloses or uses TlNs in violation of federal lar.r, the requester may be subject to civil and criminal penalties' Specific lnstructions Line 1 You must enter one of the fotlowing on this line: do not leave this line blank. The name should match the name on your tax retum' lf this Form W-9 is for a joint account (other than an account maintained by a foreign financial institution (FFl)). list first' and then crrcle, the name of th6 person or entity whose number you enlered in Part I of Form W-9. lf you are provrding Form W-9 to. an FFI to document a ioint account, each holder oi the accounl that ls a U'S' person must prcvide a Form W-9. . lndivitlual. Generally. enter lhe name shown on your tax retum' lf you have changed your last name without informing the Social Security Administra"tion iSSAi of the name change, enter your first name. the last name as shorrn on your social security card' and your new last name- Note for lTlN applicant: Enter your individual name-as il r"as ente'ed on vour Form W-7 applicalion, line la. This should also be lhe same as the name you entered on the Form 1040 you filed with your application" . Sole oroprietor. Enler vour individual name as shown on your Form 1 040 on line I . Enter youi business. trade, or "doing bLsiness as" {DBAJ name on line 2" . Partnershin. C corporalion, S corporation, or LLC. other than a disiegardecl'entity. Enter the entity's name as shovrn on the enbly's t&( retum on line 1 and any business. trade. or DBA name on line 2' . Other entities, Enter your name as shown on required U'S- {ederal tax documents on line 1. This name should match the name shown on the itrarter or other tegal document creating lhe entity. Enter any business' trade, or DBA name on line 2. . Disregardeci errtity. ln general. a business enlily thal has a single owner, i"ncluding an LLC. anO is not a corporation' is disregarded as an entitu seoarate irom its owner (a dtsregarded entityl. See Regulations iectl'on iot.zzot -2(c|(2). A disiegarded entity should check the aoorooriate box for'the iax classi-fication of ils owner. Enter the owner's n"ru on line 1. The name of the owner entered on line 1 should never be a disregarded entity. The name on line 1 should be the name shornrn on the inc6me tax retum on lvhich the income should be reported' For lF the entity/individual on line I is a(n) ., . THEN cheek the box lor r Corporation Corporation- . lndividual or . Sole proprietorship tndviduallsole ProPrietor, . LLC classified as a partnersh;P for U.S. federal tax purPoses or . LLC that has filed Form 8832 or 2553 electing to be iaxed as a corporation Limited liability comPanY and enter the appropriate tax classification: P = PartnershiP. C=Ccorporation,or $ = S corporation. . Partnership . Trusuestate Trusuestate. examole. if a foreion LLC *rat is lrealed as a divegarded entity {ot U'S- tederit tax purposis has a single ownel that is a US'.person, the u':t' - owneds narne is required to be provrded on line 1' lf sle direct owner ol lhe entity is atso a disregarded entiFJ. enter the frrst owner that is not disreqaried for federal 6x purposes" Enter lhe disregarded entity's name on line 2. lf the owner of the drsregarded enlity rs a torel-gnperson' lhe owner must complete an approprbte Form W-8 inste-ad-ot a Form W-s. Tttis is the case e*ren if the forergn person has a U'S' TIN' Line 2 lf you have a bustness name. lrade name' OBA narne' or disregarded entity name, enter it on line 2' Line 3a Check the appropriate box 'ln line 3a ior the U.S. federal tax itas"inc"rion'ot t'he person whose nanre is enlersd an line 'l- Check only one bcx on line 3a. Line 3b Check this box ri you are a partnership {including an LLC classified as a oartnershto for U.'S" federal tax prrposesl' trust. or estate that has any ioreign partners. orvners. or bensficiaries, and you are providing this form-to a parlnership, trust' or esiale. in which you have an ownership i.i"i""t.-%u rn*t dheck the bo* on line 3b if you receir"e a Form W-8 lor documentan'evtdence) from any partner. owner' or beneficiary establishrng {o;ign slatus or il you reee$e a Form W-9 from any partner. oui-ner, oi beneficiary that has checked lhe br:x on line 3b' Note: A partnership that provides a Form W-9 and checks box 3b may be requiied to complete bctredulee K-2 and K-3 {Form l€65}' For more inio#ation, see lhe Partnership lnstruc[ons for Schedules K-2 and K€ {Fonn 1065}" lf vnu are requtred to comdete line 3b but fajt to do so' you may not r.i"l* U* 'nio't-atioo necessary to file a conect i*fonnation retum with lhe IRS or fumish a correct payee stateftrent to your partners or beneficiaries. See" for example" se€tions 6698' 67?2' and 6721 tor penalties that may appty- Line 4 Exemptions lf vou are exemDt from bacl'nrp rr*ithholdng and/or FATCA reportrng' "rir'riln Ut* upfiropnate space on lrne -! ariY code{s! that rnay apply to you. Exempt payee code- . Generally, individuals {nctuding sole prsprietorE} are noi exempt from backup withholding. . Except as provided belarv.. corporations are exempt from baekup wittrtrotiing fbr c€rtain Fayments' rncluding interest and drvidends' . Corcoralrons are not exempl from backup wilhholding for payments made in setllement of payment card or thrd-party network transactlons . Corporalions are not exempt from backup v;ithholding uvith respecl to attomivs' tees or qross proceeds paid to attorneys' and corporations th"t o-uid" mediial or health care services are not *xernpt with respect to piyments reporlable on Form TO99-MlSC. The following codes identify pay4€s that ar€ --xempt from backup wilhholding. Eiter the appropnate cocJe rn lhe space on hne -{- 1 -An orqanreahon exempt from tar{ under section 501{al. any lRA, or a custodiaiaccouni und€r seclion 403{bHrl if the accouftl satisfies the requirements of section'lol (q(2i. Kittitas County Agreement for Services (rev.5/Ia/25l, Page t9 of 24