What is the W-9 form ? Who needs to fill one out, and what kind of info does it ask for? Where can you get a W-9 tax form? If you want to find out the answers to these questions, then continue to read on.
What Is the W9 Form 2021
The W9 form is a form that is from the Internal Revenue Service, and the purpose of it is so individuals and businesses can send their TIN to clients, financial institutions, and other individuals. In most cases, you would be asked to provide a W9 form if someone paid you or plans to pay you more than $600 in a year.
If you’re a business and you’re paying independent contractors, then you will need to request a W9 from them, If you’re going to pay them over $600 each year. This form isn’t sent to the IRS unless the IRS specifically requests it.
Who Has to Fill It Out?
You must fill out a W-9 if you are classed as an independent contractor. If you work for yourself, you’ll like have to fill out this form. Some of the most common groups of people who must provide a W-9 form to the includes freelancer writers, translators, and even construction workers, as well as bartenders in some cases. This is just to name a few group of people who are typically required to provide a W9 form.
In short, if you’re not an employee and your performing work for someone, the chances are you’re required to fill out the W-9. Remember, taxes are not taken out. This means you will be responsible for paying the required taxes to the IRS, as well as any applicable state taxes.
Who Do You Give a W9 Form To?
You give the form to whoever has requested it from you. They will then hold onto it and provide it to the IRS if they are asked to do so. When you provide your services as an independent contractor or freelancer, then the entity you provide them to will ask you to give them a W9 form that has been filled out by you.
Info It Asks For
The form asks for basic information such as your name, social security number or tax identification number, the city you live in, the state, zip code, and the name of your business, if applicable. The form also asks whether you’re a sole proprietor here, C corporation, S corporation or Partnership.
Where to W9 Tax Forms Printable?
You can get a W9 tax form printable copy, right online. All you do is find a reputable source that allows you to print off a copy of the W9 form, and then print it off. Once you have your form, you can fill it out and then send it out to the party that requested it from you.
Download a W9 tax form printable copy today. It is fast and easy to do this. Now you know what a W9 tax form is, who has to fill the form out and what kind of information it asks. If you’re required to fill out a W9 form, then you should print one as soon as possible.