Understanding W-8 and W-9 Forms

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New Requirement for Tax Year 2024

All Advisors must provide a W-8 or W-9 form by December 31, 2024 to ensure accurate tax reporting and compliance with tax laws.

• W-8: For non-U.S. residents, this form helps the company determine if they need to withhold taxes on payments made to the contractor. It also helps the IRS track income that flows into and out of the U.S.
• W-9: For U.S. residents, this form provides the company with the contractor's tax identification number (TIN), which is used to report payments to the IRS on Form 1099-NEC. This helps ensure that the contractor's income is properly reported and taxed.

Please note: If you have already submitted a form and are concerned you are still seeing the reminder on the top of your Advisor Dashboard, please do not be concerned! It is simply a reminder!

How to Submit Your W-8 or W-9 Form

1. Log in to your Advisor Dashboard and Navigate to Payout Information
2. Click on Payout Method
3. Reenter your password and 2-factor
   authentication
4. Confirm your Address and click Next
5. Confirm Payout Method and click Next
6. Fill out the W8 or W9 and click Complete Form

If you are not seeing the above and are seeing the message below, click to submit a new form:

How to Check if your Form has Been Received

If you see this message confirming you have submitted in Nov or Dec 2024, you have updated your forms and do not need to make any additional updates unless you hear from us!