Description

In March 2024, the IRS quietly released a new version of its Form W-9, "Request for Taxpayer Identification Number and Certification." Although this revision had been pending for some time, the actual update was introduced with little fanfare.

We spoke with tax expert Jason Dinesen to get a better understanding of how the form has changed and what it means for organizations that must collect this information. In this podcast, Dinesen answers these key questions — and more:

• How has the wording on the form changed and what's the impact?
• Do I need to collect a new form from all my existing vendors, or am I good to continue using the ones I already have on file?
• Do the instructions for the new form clarify any of the confusion around LLCs and how they should be reported?

Listen to this highly informative conversation here.