Replies to post #727558 on Mr Cooper Group Inc (COOP)

[DarkB4Dawn]

Form W-9 (or an acceptable substitute) is used by persons required to file information returns with the IRS to get the payee's (or other person's) correct name and TIN. For individuals, the TIN is generally a social security number (SSN).

In the event that a payment is made to a person using one it identifies that person and their possible obligation to pay tax's on the hypothetical distribution (if any).

[garyhalvo]

W-9 was required for tax liability, not really for what we received already, that would have to come from your brokerage.

The W-9 would be used for any payments coming directly from the source that is paying a settlement.

I always believed that the W-9 was just compiling a list of investors to let JD know who’s on it, because he told all of his employees that they had to get rid of their shares.

Don’t forget, JD had said that there are going to be 100’s of families added to his list of millionaires.