2021 W 9 Tax Form Download – Form W-9–Request for Taxpayer Identification Number and Certification–is a commonly used IRS form. Clients may ask you to fill out and submit a W-9 form if you are a sole proprietor or independent contractor. They will use this info to prepare your 1099 NEC form accurately and report all payments at the end. 2021 W 9 Tax Form Download
What is the W-9 Form?
The W-9, or Request for Taxpayer Identification Number and Certification form, offers a company with relevant individual information about an independent contractor (IC) or freelancer for tax purposes in the United States. This form asks for the IC’s name and address. This data is used to be able to generate a 1099 MISC. Employers can use the W-9 Form to gather info about contractors for their income tax purposes. The W-9 Form is an important tool for employers to gather accurate information about contractors.
Every year, the W-9 form should be reviewed and amended. Contractors may provide you with updated addresses or name changes. These can be recorded for the future reference. This form should be kept by the company for a number of years. It should not be sent to the Internal Revenue Service. Remember that it is a tool to collect specific information that a company must total 1099 if the contractor earns more than a certain amount during the tax year.
Submitting Form w-9
Just return the W-9 form filled out to the requester. They will usually maintain the completed form in their file for reference during their end year accounting, so that they can issue an exact Form 1099-NEC. 2021 W 9 Tax Form Download