If a vendor does not have corp., corporation, inc., incorporated, etc. in their name, but checks the "corporation" box on the W-9, is this sufficient to consider them as exempt from reporting?


According to IRS Information Officer Miss Taylor (ID# 1006489), your signed W-9 indicating the vendor is a corporation is sufficient to exempt you from reporting, even if the vendor failed the eyeball test. If it later turns out that the vendor is not a corporation and filled out the W-9 incorrectly, the fact that you have the signed W-9 will shield you from any IRS penalties.

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