Why do I need to provide my W-9 or W-8 Form?

A valid W-9 or W-8 form must be provided to GME for reporting and identification purposes. Without a W-9 or W-8 form GME is required to withhold 28% of all revenues until this information is provided. All backup withholding is reported on your 1099 at year-end and is considered a payment to the IRS on your behalf.
Grayson Mill Energy does not issue refunds for backup withholding. Royalty owners can report the withholding on their income tax returns at the end of the year.