W9 Fillable Form 2022 – The IRS commonly uses Form W-9-Request for Taxpayer Info Number and Certification. 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 information to prepare your 1099 NEC form accurately and report all payments at the finish. W9 Fillable Form 2022
W9 Fillable Form 2022
What is a W9 Fillable Form 2022
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 become used for tax purposes in America. The form asks about the IC’s name and address. It also requests information like their social safety numbers (SSN), as nicely as other details. This info is used to create a 1099MISC. Employers should use the W-9 Form as a tool to identify contractors for income tax purposes. You can confirm the information and keep it present to make sure accurate individual info.
Annually, you ought to review and update Form W-9. If a contractor gives you an updated address or name alter, these changes may be recorded for future reference. This form ought to be retained for a number of years by the company. It should not be sent directly to the Internal Revenue Service. Bear in mind that this is a tool for gathering specific information. A business must total 1099 if the contractor earns more than a certain quantity throughout the tax-year.
Submitting W9 Fillable Form 2022
Send the W-9 form completed to the company or individual who requested it. They will typically keep the completed form in their files for reference throughout their end-of-year accounting to ensure that they are able to problem an correct Form 1099-NEC. W9 Fillable Form 2022 w9 fillable form 2022
