PadSplit collects the necessary fields featured within a W-9 to generate 1099-MISC forms for Host earnings. We are generally required to file a Form 1099-MISC report with the IRS if the gross amount of your rental earnings is $600 or more in a calendar year. We use the Form W-9 to request a U.S. person's taxpayer identification number (TIN) for tax reporting purposes. If we do not receive one from you, we may be required to withhold tax from your earnings as a Host.
The tax information provided on this form should correspond to the person or legal entity that we will issue a Form 1099 to report Host earnings. Only one tax form can be assigned to each payout and bank account, so your Form W-9 must identify the correct person/entity responsible for the tax reporting.
LLC or Individual Name
Enter the name of the person who should receive a Form 1099 for Host earnings.
Business / disregarded entity name (optional)
Taxpayer Identification Number (“TIN”)
The TIN should match the name of the person entered on the field “LLC or Individual Name” who should receive the Form 1099 for Host earnings.
There are three types of TINs:
Select the appropriate tax classification for you or your legal entity (as identified on the "LLC or Individual Name" field) from the first drop-down box. Options: LLC, LLC (Single Member), Individual/Sole Proprietor, C Corporation, S Corporation, Partnership, or Trust/estate.
Provide the address of the person or entity whose name is entered on the “LLC or Individual Name” field. This is where a physical of the 1099 would be sent, if requested.