TAP E04-084

Form W-9 IC for Independent Contractors

Statement of Issue:

Schedule C non-filing and underreporting of non-employee compensation.

Proposal:

In order to combat Schedule C non-filing and the underreporting of non-employee compensation, the Committee recommends that the IRS develop and publicize, through outreach end education, a new Form W-9IC to be submitted by independent contractors to payors. The Form-W-9 could be modified in design and narrative to create the Form W-9IC.