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posted Jan 8, 2023 7:58:41 AM

Question on W -9 exemption

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! 

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Level 15
Jan 8, 2023 8:03:17 AM

@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.

3 Replies
Level 15
Jan 8, 2023 8:03:17 AM

@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.

Level 15
Jan 8, 2023 8:05:12 AM

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?  

Level 15
Jan 8, 2023 9:12:06 AM

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.