2022 W9 Tax Form

2022 W9 Tax Form – W-9–Request to Taxpayer Identity Number and Certificate–is a typical IRS form. You may be asked by customers to complete and mail a W-9. The client will need it to correctly prepare your 1099-NEC and report the payments that they made at the finish. 2022 W9 Tax Form

2022 W9 Tax Form

What is a 2022 W9 Tax Form ?

The W-9 or Request for Taxpayer identification Number and Certification form provides a company relevant info about an individual contractor (IC), or freelancer to become used for tax purposes in America. The form demands information such as the IC’s name, address, and social security number (SSN). The information is used to generate a 1099-MISC. Employers can use the W-9 Form to gather information about contractors for their income tax purposes. This form is essential for employers to confirm and keep present. It will make sure that you have correct personal data.

It is essential to review and update the Form W-9 each year. If a contractor provides you an updated address or name change, these changes may be recorded for future reference. This form should remain with the company for a number of decades. It should not be sent to the Internal Revenue Service. If the contractor earns more throughout the tax year, it is only a tool that can be used to gather the specific info that a company must fill out 1099.

Sending form W-9

Merely total the W-9 Form and return it to the person/company requesting it. They’ll frequently keep the completed forms in their files to ensure that they are able to issue a right Form 1099 -NEC at the end of the year. 2022 W9 Tax Form who needs to complete a w-9 form