Information Return Intelligence
Episode 26: Latest W-9 Draft -- IRS Reverses Course on Sole Proprietor EIN Rule
5:37
The IRS has released a new draft of Form W-9—and this one brings welcome relief for accounts payable teams.
In this episode, Jason breaks down the May 4 draft update and explains why the IRS’s decision to remove the proposed restriction on sole proprietors using EINs is a big deal. That controversial change would have created a massive compliance burden, forcing companies to re-solicit W-9s and…