Failure to furnish a correct TIN to a requester (payer) can result in a penalty for the payee of:

A. $25 for each failure to complete a W-9.
B. $50 for each failure to complete a W-9.
C. $500 maximum for failure to complete any W-9 forms as required.
D. $0, it is the responsibility of the payer (requester) to have the correct information.


Answer: B

Business

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