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Single Member LLC Tax ID

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waynem:
We just learned that for IRS 1099 purposes, we should have been using the LLC's sole owner SSN when sending W-9's.

We have been using the LLC EIN for NPI and Medicare purposes for several years.

What steps do we need to take to get this corrected with minimal disruption?

medauthor:
Why is this?  My new provider sent W9s' with the LLC's tax id #, not the sole member's soc sec #  ???

PMRNC:
Yeah I agree with Michelle, You would use the EIN, only reason you would use the SS of the sole owner is if they did something for you as an independent contractor outside of the group.

Michele:
and I agree with Linda and Michelle.  If they have an LLC and an EIN, why would they want to do the W9 under the SS#?  If they want Medicare to pay under the LLC then they cannot enroll with the ss#.  But in case there is a reason to what you are saying, you would complete a CMS 855I, CMS 588 EFT and a CMS 460.

Michele

waynem:
Page 2 of the W-9 "Specific Instructions - Name - LLC" says that for a Single Member LLC you need to enter the owner's name in NAME box and the LLC in the Business name

Page 3, "Part 1. TIN" - 3rd paragraph, states the OWNER's SSN/EIN needs to be entered if it is treated as a "disregarded entity" for tax purposes. There is a chart on page 4 (#5)

This was not know by us until recently.

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