How do I properly complete a W-9 as an individual for monies being distributed to me which are specifically the penalties and interest resulting...

Answer

Customer

How do I properly complete a W-9 as an individual for monies being distributed to me which are specifically the penalties and interest resulting from a settlement w/a former employer?

Last updated 10/19/2018

Barbara Blacklidge

Tax Preparer

Welcome to ExpertHelp.  My name is Barbara, and I will be happy to assist you.

You will complete the W-9 as an individual.  

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Posted 10/18/2018

Customer

Yes, I already understood that. What I'm attempting to establish is whether I can reference (in box4 on form) any exemptions that will help to offset the tax liability for what is not salary/regular compensation but penalties and interest accrued from a settlement. 

Posted 10/19/2018

Barbara Blacklidge

Tax Preparer

Unfortunately, you cannot.

Posted 10/19/2018

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