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W9 Forms for Single Member LLC...EIN or SSN?
Posted on 4/24/12 at 9:47 am
Posted on 4/24/12 at 9:47 am
I am a Single Member LLC and I have always filled out W9's with my company name and EIN. Now I am seeing that the IRS wants you to put your name in the NAME box and your business name in the DBA box and then supply your SSN instead of EIN??? I thought the whole purpose of a single member LLC using the EIN was to not have your SSN on all these forms? I have just been doing it the old way and checking LLC, then the D option for Disregarded then entering my EIN. Any thoughts?
This post was edited on 4/24/12 at 11:25 am
1
Posted on 4/24/12 at 9:49 am to ColdDuck
Can you post the instructions that you read that states this?
Posted on 4/24/12 at 9:59 am to Chicken
quote:
If the LLC is owned by a single member who is a person, the IRS is instructing us to indicate the name of the owner on the Name line, and the name of the LLC on the Business Name line. The IRS prefers that you report the owner's Social Security Number instead of the LLC's Federal Employer Identification Number.
LINK
Posted on 4/24/12 at 10:45 am to ColdDuck
If I were you, I would go to the IRS website and look into it. Instead of about.com.
Posted on 4/24/12 at 11:01 am to ColdDuck
If you are filing as an S corp it makes it easier for the IRS to look at the paucity of livable wages paid to you, if any, versus the massive pass through/bonus exempt from FICA you may pay yourself and claim on your 1040. 
Posted on 4/24/12 at 11:26 am to krehn11
quote:right...you need to read the info on an irs.gov page...
If I were you, I would go to the IRS website and look into it. Instead of about.com.
ETA: read the instructions that come with the W9 form...it talks about what to do.
This post was edited on 4/24/12 at 11:28 am
Posted on 4/24/12 at 12:19 pm to Chicken
I just asked my CPA and he said he fills them out both ways. He told me to just keep my company name on the NAME line and choose LLC and then enter my EIN. He just told me to make sure I stay consistent on all my W9's.
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