A W-9 is required by the US Federal government and the IRS for all prizes awarded with a value of $600 or more. Two of our Ring Reveal prizes are above this level and we are required to collect the W-9 forms from all of our winners in those two categories ($1000 ring and $5000 ring).
If you win and received a prize over the value of $600, the government requires you, the recipient, and us, the awarder, to disclose the fact that you won the prize. The way that we both do that is through this W-9 form. Once we receive a completed W-9 from you, we generate a 1099 MISC for you to file with your taxes along with the year. As always, consult with your accountant for more information.
You will need to create an account on HelloSign to securely submit your form.
For more information on how to fill out the HelloSign W-9 form click here.