IRS Updates Form W-9 for 2024

For the first time in five years, the IRS has updated Form W-9Request for Taxpayer Identification Number and Certification, on its website. The previous version of the form was from 2018. Changes to Form W-9 include:

  • Modification of Line 3a to clarify how the line is to be completed by a disregarded entity
  • New Line 3b must be completed by a flow-through entity to indicate that it has direct or indirect foreign partners, owners or beneficiaries when it provides a Form W-9 to another flow-through entity in which it has an ownership interest
The addition of Line 3b was intended to provide flow-through entities with information regarding the status of their indirect foreign partners, owners or beneficiaries so they can satisfy any applicable reporting requirements.