W9 Form 2022 Form

W9 Form 2022 Form – A common IRS form is Form W-9–Request For Taxpayer ID Number and Certification. When you work for a client, or in case your business is independent, they may ask that you fill out and return a W-9 to ensure they are able to prepare the 1099-NEC form accurately and then report the payments you receive at the close of the year. W9 Form 2022 Form

W9 Form 2022 Form

What is the W-9 Form?

The W-9 or Request for Taxpayer identification Number and Certification form offers a company relevant info about an individual contractor (IC), or freelancer to be used for tax purposes in America. The form asks for information such as the IC’s name, address, social security number (SSN), and more. This info is used to make a 1099MISC. Employers must use the W-9 Form as a tool to determine contractors for income tax purposes. You can confirm the info and maintain it current to make sure accurate individual info.

It is important to review and update the Form W-9 each year. However, if a contractor offers you with an updated address or a name change, those changes may be recorded for use. This form ought to be kept by the business for a number of years. It should not be sent to the Internal Revenue Service. Remember that it is a tool to collect specific info that a business must total 1099 if the contractor earns more than a particular quantity throughout the tax year.

Submitting Form w-9

Just return the W-9 form filled out to the requester. They will usually keep the completed form in their file for reference during their finish year accounting, so that they can issue an exact Form 1099-NEC. W9 Form 2022 Form