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242: Do You Need to Collect A W-9 When Paying US Vendors by Credit Card?

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One benefit of paying US vendors by credit card is that card issuer will issue required 1099’s to report the payment. A question I get often enough, when a vendor is paid by credit card, do you really need to collect the IRS W-9. The answer? Maybe…..

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Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 149+ hours of weekly live and on-demand training for…

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