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IRS W-9/ SSN vs EIN
JSwantner
Reg. Aug 2005
Posted 2023-02-15 8:49 AM
Subject: IRS W-9/ SSN vs EIN



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Location: Bluebonnet Heaven

My horses are a hobby, not a business therefore my expenses far out weigh any income. However I've noticed that in entering barrel races lately that they are requiring a W-9.  My concern is identity theif, I don't know how the information is handled and how secure it is kept. Thinking about applying for a EIN with the IRS to use on these W-9 with the barrel producers.  If I was to win enough to get a 1099, I would offset the income with expenses (always keep receipts and records) and file a Schedule C with my personal taxes anyway. Wonder if anyone else has used an EIN instead of SSN on W-9.  

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fulltiltfilly
Reg. Dec 2008
Posted 2023-02-16 6:29 AM
Subject: RE: IRS W-9/ SSN vs EIN



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Location: Jersey Girl

Once you start filing using the fed schedule C than you are basically saying you do have a business. 

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EagleJess
Reg. Feb 2017
Posted 2023-02-16 10:05 AM
Subject: RE: IRS W-9/ SSN vs EIN


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An EIN is used to identify a business. I am not sure that you could use an EIN and file as a hobby. You also cannot offset hobby expenses through your taxes. You can only offset expenses, as you are describing, as a business. 

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