Current W9 Form 2022 – The IRS forms W-9, Request for Taxpayer Identification Number (and Certification) are all generally used. When you function for a client, or if your company is independent, they may ask that you fill out and return a W-9 to ensure they can prepare the 1099-NEC form accurately and then report the payments you receive at the close of the year. Current W9 Form 2022
Current W9 Form 2022
What is a Current W9 Form 2022 ?
The W-9, which is the Request for Taxpayer Information Number and Certification form, enables businesses to supply relevant personal information about an independent contractor, (IC), for tax purposes inside the United States. The form demands information such as the IC’s name, address, and social security number (SSN). The data is used for producing a 1099-MISC. Employers have to have the W-9 form in location to obtain info on contractors for income-tax purposes. This form is important for employers to confirm and keep present. It will make sure that you have correct personal data.
Form W-9 should be reviewed and updated yearly. Contractors may offer you with updated addresses or name changes. These may be recorded for the future reference. This form ought to be kept by the business for a number of years. The Internal Revenue Service shouldn’t obtain it. Remember that it is a tool to gather particular info that a company must complete 1099 if the contractor earns more than a particular quantity during the tax year.
Submitting Form w-9
The completed W-9 form should be returned to the company or person who requests it. The completed form will be kept in the company’s files so they are able to reference it during end-of-year accounting. Current W9 Form 2022 what is the current w 9 form