Hi, only a few days left in 2016, if I dont fax or mail the w-9 form. Can I delay payment to Jan. 2017? Will I get the money that exceeding $600 this year? thanks.
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W-9 form
Started by sdpippo, Dec 09 2016 11:11 AM
1 reply to this topic
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empressmom
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Posted 09 December 2016 - 11:50 AM
sdpippo, on 09 December 2016 - 11:11 AM, said:
Hi, only a few days left in 2016, if I dont fax or mail the w-9 form. Can I delay payment to Jan. 2017? Will I get the money that exceeding $600 this year? thanks.
Yes, you can just wait till January, and your accumulated 2016 earnings will be paid at that time without having to submit a W-9 for this year. It will, of course, jumpstart your 2017 earnings total, as it's when it's paid that counts, not when it's earned, so you'll reach the $600 threshold faster, but for 2016, anyway, you'll be set.
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