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To determine if you are an exempt payee, you need to review the specific criteria outlined by the organization or entity making the payment. Exempt payees are typically individuals or entities that are not subject to certain withholding requirements, such as tax withholding. It is important to consult the relevant guidelines or regulations to confirm your status as an exempt payee.

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5mo ago

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What is an exempt payee code on w-9?

An exempt payee code on a W-9 form is a designation used to indicate that the payee is exempt from backup withholding. This code is typically used by certain entities, such as government agencies or tax-exempt organizations, to inform the payer that they should not withhold taxes from payments made to them. The payee must select the appropriate code based on their tax status to ensure compliance with IRS regulations. If applicable, the payee should provide this code in the designated section of the W-9 form.


What does it mean exempt payee on form W9?

The the one receiving payment is a Government, or qualified tax exempt group, like a Church, or Charity.


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