W9 Form For 2022 – Form W-9–Request for Taxpayer Identification Number and Certification–is a commonly used IRS form. A client might request that you complete and send a W-9 if you personal a company or function independently. This will permit them to accurately prepare their 1099-NEC forms and report any payments made to you at year’s finish. W9 Form For 2022
W9 Form For 2022
What is a W9 Form For 2022 ?
The W-9, which is the Request for Taxpayer Info Number and Certification form, allows companies to provide relevant personal information about an independent contractor, (IC), for tax purposes within the United States. The form requests information such as the name and address of the IC, along with their social security number (SSN) as well as other pertinent particulars. The data is used for generating a 1099-MISC. Employers use the W-9 form to obtain information about contractors in order to calculate their income tax. To ensure you gather correct individual information, confirm it and maintain it updated.
It is essential to review and update the Form W-9 every year. If a contractor gives you an updated address or name change, these changes may be recorded for future reference. This form ought to be retained by the business for many years. It should not be sent to the Internal Revenue Service. Bear in mind that this is a tool for gathering particular information. A business should total 1099 if the contractor earns more than a particular quantity throughout the tax-year.
Submitting Form w-9
Simply return the completed W-9 form to the person or company requesting it. They will typically keep the completed form in their files for reference during their end-of-year accounting to ensure that they can issue an correct Form 1099-NEC. W9 Form For 2022 w9 form 2022 download
