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    leggles's Avatar
    leggles Posts: 10, Reputation: 1
    New Member
    		  
    #1

    Oct 16, 2013, 12:30 PM
    H1-B and W-9 from 401k
    Hi,

    I am on H1-B and I am a bit confused about W-9 forms. I need to fill one out for my 401k company. Is this correct? If so, what box should I check? They have a referral program where you can receive money per signup if you refer a friend and they sign up. It seems that clients of the 401k company are automatically part of this program, but I do not intend on participating in this. I am just confused about this in relation to my H1-B status.

    Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 16, 2013, 05:03 PM
    If you are under an H-1B visa, you will file as a resident alien, so Form W-9 is the correct form for you.

    You CAN get money for referrals as long as you report the income on Line #21 of Form 1040.
    leggles's Avatar
    leggles Posts: 10, Reputation: 1
    New Member
    		  
    #3

    Oct 16, 2013, 05:09 PM
    Thanks for your help!

    I am confused about what box to check on the w-9. Individual or Exempt Payee? I have asked my 401K company about this but haven't yet heard from them.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Oct 16, 2013, 06:13 PM
    You are NOT an exempt payee, so go with Individual.
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