Requiring W9 forms before paying out members

Discussion in 'Legal Issues' started by nextgen66, Jan 13, 2008.

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  1. #1
    I'm considering a site that will involve payments to members. I'm in Canada but I expect most members will be american. The site is hosted in the US (but that could be easily changed to Canada.)

    My question is, do I need to require W9 forms from american members and submit them to the IRS? Since the site is run from canada, I'm thinking no, but am not sure...
     
    nextgen66, Jan 13, 2008 IP
  2. kentuckyslone

    kentuckyslone Notable Member

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    #2
    I dont know about Canada, but in the US a W-9 is required only if you pay out $600 or more (in a calendar year) to an individual. Some companies require the W-9 up front, but most will onll require it once a particular person nears the $600 mark
     
    kentuckyslone, Jan 13, 2008 IP
  3. Barefootsies

    Barefootsies Well-Known Member

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    #3
    If they will make over $600.00
     
    Barefootsies, Jan 13, 2008 IP