This form along with several other items will need to be completed and returned in order for the Finance Department to have accurate information regarding your company’s accounts payable with the City of Woodway. Since the City of Woodway is tax exempt, once the Finance Department receives your completed packet we will send a Tax Exemption Certificate to the person listed as the A/R contact for your records.
The Internal Revenue Service (IRS) requires the City to have your taxpayer identification number (TIN) and certification on file. Under Federal Regulation Section 6109, your company is required to provide the City with this information on the W-9 form included with this packet. If you fail to furnish the City with this information, your company may be subject to a fifty-dollar ($50) penalty imposed by the IRS under section 6723 and all payments made to your company could be subject to 28% backup withholding.
The City will not have to file an annual information return, Form 1099 Misc., for your company if it is considered a corporation, tax-exempt organization, government agency, or other exempt payee. However, law does require us to have your TIN and payee type on file. If you do business as an individual or sole proprietor your social security number will serve as your TIN.
Thank you for your attention to this and feel free to contact the Finance Department with any questions regarding this request by calling (254) 772-4480 or emailing Accounts Payable at accountspayable@woodwaytexas.gov