I be within a saloon twist of fate, and the insurance company wishes me to sign a w-9 form beforehand getting clearance?
the accident was near somebody in a company vehicle, and this is what they said. is this normal, or is it shady? also on the form, am i supposed to check "exempt from backup withholding" or not. thankfulness
Answers:
I have been dealing near auto accidents for over 25 years as an insurance agent in Texas. I hold yet to see the W-9 form used in settlement of a claim. W-9 forms are generally usued by employers to show income....looks to me like the insurance company is trying to know how to "write this off as payroll" paid to you.
I expect that before I signed anything, I would contact your State's Department of Insurance. They probably have a toll-free number - simply call and ask for Consumer Complaints division and they should be able to assist you.
Hope this help - and GOOD LUCK! Source(s): Insurance agency experience as a licensed insurance agent
Call your insurance guy and ask them what to do?Be very leary of those that want you to hurry up.Know before making your result.Happy Thanksgiving. Source(s): DE
Common practice. Unless you have been told by the IRS that you are required to hold backup withholding, you are exempt.
Its just a tax statement which will show that you have income. you adjust your taxes for the loss in value for your coup¨¦. Talk to your tax advisor.
Related Questions:
Answers:
I have been dealing near auto accidents for over 25 years as an insurance agent in Texas. I hold yet to see the W-9 form used in settlement of a claim. W-9 forms are generally usued by employers to show income....looks to me like the insurance company is trying to know how to "write this off as payroll" paid to you.
I expect that before I signed anything, I would contact your State's Department of Insurance. They probably have a toll-free number - simply call and ask for Consumer Complaints division and they should be able to assist you.
Hope this help - and GOOD LUCK! Source(s): Insurance agency experience as a licensed insurance agent
Call your insurance guy and ask them what to do?Be very leary of those that want you to hurry up.Know before making your result.Happy Thanksgiving. Source(s): DE
Common practice. Unless you have been told by the IRS that you are required to hold backup withholding, you are exempt.
Its just a tax statement which will show that you have income. you adjust your taxes for the loss in value for your coup¨¦. Talk to your tax advisor.
Related Questions:
- What are the requirements to start a small condition insurance company contained by the Phiippines?
- $200 from insurance company, cost more than 700 to fix!!?
- So, the insurance companies don't want to be forced to cover population next to pre-existing conditions, but when....?
- Can I receive a depreciation check from the insurance company of the soul who hit my saloon?
- How long does a civil suit bring against a scandelous insurance company?