Do we need to have W-9 forms on file for all of our vendors?

While Congress has repealed the expansion of the 1099-MISC reporting beyond unincorporated business through the passing of a bill titled H.R. 4 (for more information, see “President Signs Repeal of Expanded 1099 Requirements”) it is a best practice to receive completed W-9 forms for all individuals and organizations receiving compensation for services performed for the benefit of your church. This way you will already be prepared for any future unanticipated reform to this bill.