Old  January 7th, 2013, 7:41pm     #1
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Submitting a W9 for a win?
This is the first time I've had to do this. I'm assuming its not the norm. The company I was recently notified by is legitimate and the prize is worth about $800. Anybody else have to submit this before? Thanks.

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  Old  January 7th, 2013, 7:47pm     #2
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I think I did this form for a HOF cash win several years ago. I do not think it's the norm at all though.

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  Old  January 7th, 2013, 7:50pm     #3
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No. A W9 is for a business relationship, not for a prize win. They can get your SS# on your affidavit or by asking for it. A W9 is kept by them; it doesn't go to the IRS, but it's really for an an independent contractor type relationship.

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  Old  January 7th, 2013, 7:51pm     #4
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Yes it is correct, but damn I haven't had to do it in a LOOOOONG time.

It is the form needed to collect your information so that they can send you a 1099.
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  Old  January 7th, 2013, 7:52pm     #5
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Quote:
Originally Posted by sallykay View Post
No. A W9 is for a business relationship, not for a prize win. They can get your SS# on your affidavit or by asking for it. A W9 is kept by them; it doesn't go to the IRS, but it's really for an an independent contractor type relationship.
This is correct, they should send you a 1099 which you do NOT submit with your tax return. You do have to list the amount on your 1040 under misc income.

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  Old  January 7th, 2013, 8:02pm     #6
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Not unusual for prizes valued over $600.

http://http://www.irs.gov/uac/Form-W-9,-Request-for-Taxpayer-Identification-Number-and-Certification
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  Old  January 7th, 2013, 8:05pm     #7
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No
Sallykay is correct, W9 is for withholding purposes. For a win they may withhold 20% but the amount does not reflect martial status or # of dependents.
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  Old  January 8th, 2013, 9:29am     #8
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FWIW, I have filled out a few W-9s for wins and received proper 1099-misc forms at the beginning of the year. I haven't ever had any issue filling one out to claim a win.

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  Old  January 8th, 2013, 9:55am     #9
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aren't we missing the point?
Congrats and what the hell did you win? Gotta be good for $800.
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  Old  January 8th, 2013, 10:08am     #10
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Quote:
Originally Posted by sallykay View Post
No. A W9 is for a business relationship, not for a prize win. They can get your SS# on your affidavit or by asking for it. A W9 is kept by them; it doesn't go to the IRS, but it's really for an an independent contractor type relationship.
Quote:
Originally Posted by melonhed View Post
FWIW, I have filled out a few W-9s for wins and received proper 1099-misc forms at the beginning of the year. I haven't ever had any issue filling one out to claim a win.
IMO, both are correct. A W-9 is a request for taxpayer identification. It is a form that can be used to request a social security number so that the sweep sponsor can issue a 1099. It is also the form a business would use to request the taxpayer ID for an independent contractor in order to issue a 1099.

An affidavit can also be used to request the same information.

OP - congrats on your win.
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  Old  January 8th, 2013, 10:09am     #11
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Originally Posted by judyv01510 View Post
No
Sallykay is correct, W9 is for withholding purposes. For a win they may withhold 20% but the amount does not reflect martial status or # of dependents.
Could you be thinking of a W-4?
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  Old  January 8th, 2013, 10:17am     #12
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Originally Posted by ky2here View Post
Congrats and what the hell did you win? Gotta be good for $800.
Indeed, congrats OP.

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  Old  January 8th, 2013, 10:25am     #13
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Many times--they are just officially asking for your SSN so they can issue the 1099
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  Old  January 8th, 2013, 10:26am     #14
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Quote:
Originally Posted by LuckyFred View Post
Could you be thinking of a W-4?
No. A W-4 is for an employee to fill out for an employer. A W-9 is filled out by an independent contractor for a business that the independent contractor does work for so the business can send a 1099 or other document out at the end of the tax year.

A W9 is not meant for sweepstakes winners. Sweepstakes winners do not have taxes withheld by the sponsors using a W9. I don't see any HARM using a W9, but it's not the proper way for the sponsor to get a winner's social security & any other info needed.

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  Old  January 8th, 2013, 10:41am     #15
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Quote:
Originally Posted by sallykay View Post
No. A W-4 is for an employee to fill out for an employer. A W-9 is filled out by an independent contractor for a business that the independent contractor does work for so the business can send a 1099 or other document out at the end of the tax year.

A W9 is not meant for sweepstakes winners. Sweepstakes winners do not have taxes withheld by the sponsors using a W9. I don't see any HARM using a W9, but it's not the proper way for the sponsor to get a winner's social security & any other info needed.
I realize what a W-4 is. I quoted the post I was referencing as it mentioned marital status and dependents - which led me to thinking employment and W-4.

I think we are on the same page, just different sides. You being the legal department and me being the bean counter.

I do see a benefit of using an affidavit if more information is needed from a winner - for example the winner has to agree to their likeness being used for promotional material etc.
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