I need to set up a new vendor record to pay an honorarium to a guest speaker. The individual provided me with an IRS Form W-9 that lists their Individual Name and a Business Name. Can the Business Name be used to create the vendor record?

Modified on Fri, 7 Jun, 2024 at 3:27 PM

No, the honorarium should be paid to the Individual Name shown on the Employee-Independent Contractor (EIC) Determination.