Digital W9 Form 2022 – Form W-9–Request for Taxpayer Identification Number and Certification–is a commonly used IRS form. A client may request that you total and send a W-9 if you own a business or work independently. This will allow them to accurately prepare their 1099-NEC forms and report any payments produced to you at year’s end. Digital W9 Form 2022
Digital W9 Form 2022
What is a Digital W9 Form 2022
The W-9, or Request for Taxpayer Identification Number and Certification form, offers a company with relevant personal information about an independent contractor (IC) or freelancer for tax purposes in the United States. The form requests info such as the name and address of the IC, together with their social safety number (SSN) as well as other pertinent details. The information is used to produce a 1099-MISC. The W-9 Form is an essential tool for employers to gather information about contractors for income tax purposes. Verifying the info on this form and maintaining it up-to-date ensures you collected accurate personal info.
Form W-9 should be reviewed and updated yearly. Contractors may offer you with updated addresses or name changes. These may be recorded for your future reference. This form should be kept by the business for several years. It shouldn’t visit the Internal Revenue Service. You ought to keep in mind that the 1099 is used to supply specific info to a business.
Sending form W-9
Simply return the completed W-9 form to the individual or company requesting it. They’ll frequently keep the completed forms in their files so that they can problem a correct Form 1099 -NEC at the finish of the year. Digital W9 Form 2022 how to fill out a w9 form 2020