Question on W -9 exemption

Forum|Forum|3 years ago
January 8, 2023
3 replies
41 views

I currently run a single member LLC and provide my business services for my local school once a week and they have requested I complete a W-9. I am a little confused on the exemption; does my single member LLC qualify as a Corporation and get the exemption for being "a corporation." Just want to make sure I am filling this out right!

Not A Product Question

Best answer by Anonymous_

@Bryman wrote:

....does my single member LLC qualify as a Corporation and get the exemption for being "a corporation."

No, and you would know because you would have had to file Form 8832 to have your LLC treated as a C corporation (or Form 2533 for an S corporation) for federal income tax purposes.

Anonymous_Answer

Level 15

@Bryman wrote:

....does my single member LLC qualify as a Corporation and get the exemption for being "a corporation."

No, and you would know because you would have had to file Form 8832 to have your LLC treated as a C corporation (or Form 2533 for an S corporation) for federal income tax purposes.

Critter-3

Level 15

Ok ... when you got the EIN you told the IRS what kind of entity you wanted the LLC to be. Did you choose to be a corporation at that time ? Look at the IRS acceptance notice ... does it say you need to file an 1120?

Opus 17

Level 15

An LLC is not a corporation. If you incorporated as an S corporation or C corporation, you would know it. An LLC has the option to be taxed as if it was an S corporation, but this requires filing a special form and you would know whether you had done that.