Posted by Claudine Osborne on 4/28/10 10:06pm
Msg #334068
Stall tactic??
I did a closing for company on 3/31 and faxed back their invoice. Today I get an email (along with about 75 other notaries email addresses too as they did not cc) ..stating they are going to withhold payment if I don't send them a W-9. This was the first time I worked with them and they never asked up front for this.
Do you think this is a stall tactic?
Mortgage Closing Inc..Owosso MI..they are not in SS
|
Reply by jba/fl on 4/28/10 10:20pm
Msg #334070
No, she requires this for you to be paid.
They are among my fastest payers. (less than 30)
|
Reply by Blueink_TN on 4/28/10 10:21pm
Msg #334071
Stall tactic? Nahhh. Just a bit behind gathering their paperwork. Some SS ask for the W-9 at the time of the first contact - others ask for it 'when they get around to it'. Now if you don't supply it, that might delay payment.
|
Reply by Kay/IL on 4/28/10 10:22pm
Msg #334072
Not Necessarily
I've had situations where they told me the same thing yet went ahead and sent my check.
I'd prefer that the company has me doing closings on at least a "sometimes" basis before I give them a W-9.
|
Reply by twil4_WI on 4/28/10 10:38pm
Msg #334075
I especially love it
when they ask for a w-9 and an entire sign up package 5 days after their payment was due and tell you then that your payment is contingent on it. uh, not!
|
Reply by MikeC/NY on 4/28/10 10:58pm
Msg #334081
They should have asked for a W-9 up front (most do), but apparently they didn't... Just send it to them, and see where it goes from there. If they want additional info after that, they may be stalling.
Rule of thumb - if they ask you for one piece of information they need, ALWAYS ask them if they need anything more than that... otherwise, you may end up chasing the rabbit...
|
Reply by Jessica Ward on 4/28/10 11:23pm
Msg #334084
I want them using my W-9, so I make sure they have it. There's a certain dollar limit at which point they don't have to use it--like under $500 a year or something, but I send one with every invoice, and often attach it electronically to emails confirming assignments. For a few regular (2x or more weekly) clients, I send it at the beginning of the year and then again at the end of the year (about the time they'll be looking for it.)
Some companies have payment or governance rules that say all independent contractors must have a W-9 on file to receive payment.
|
Reply by Claudine Osborne on 4/29/10 6:56am
Msg #334093
Re: W-9
I do not have an issue with sending the W-9..Just thought it was odd that they stated payment would be withheld until they received it..notice sent 30 days after closing..No big deal just wasnt sure if it a stall tactic as this was my first with this co. W-9 sent along with enrollment packet.
|
Reply by Linda_H/FL on 4/29/10 7:39am
Msg #334098
I make it my practice with first-time companies to send a W-9 with my invoice whether they ask for it or not. They then have it on file for future reference. If a company never requires any further information or paperwork, they'll almost always want or need the W-9 so it's an automatic for me with my first invoice to them.
Let us know how this plays out for you, Claudine.
|
Reply by Linda_H/FL on 4/29/10 7:39am
Msg #334099
I make it my practice with first-time companies to send a W-9 with my invoice whether they ask for it or not. They then have it on file for future reference. If a company never requires any further information or paperwork, they'll almost always want or need the W-9 so it's an automatic for me with my first invoice to them.
Let us know how this plays out for you, Claudine.
|
Reply by PAW on 4/29/10 7:45am
Msg #334101
Hiccup? n/m
|
Reply by Linda_H/FL on 4/29/10 7:51am
Msg #334102
Tic in me finger...:) n/m
|
Reply by Linda_H/FL on 4/29/10 7:51am
Msg #334103
Tic in me finger...:) n/m
|
Reply by Linda_H/FL on 4/29/10 7:51am
Msg #334104
LOL...see??? n/m
|
Reply by BestFlCloser on 4/29/10 2:09pm
Msg #334180
I have worked with them for a while, great support, they pay well and on time. Here's what I do, I have a PDF file with my notary commission, w9, background screening, list of fees and area served. When I start with a new client. I email the PDF file and I'm done. They have all they need, plus I get to send them some advertising about my services.
|
Reply by MW/VA on 4/29/10 9:10am
Msg #334110
I don't think so. Most accountants will tell a co. not to
ever send a check to anyone they don't have a W-9 for. It sounds like it was an oversight.
|
