Downloadable W9 Tax Form – A common IRS form is Form W-9–Request For Taxpayer ID 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’ll use this info to prepare your 1099 NEC form accurately and report all payments at the finish. Downloadable W9 Tax Form
What is a Downloadable W9 Tax Form ?
The W-9, also recognized as Request for Taxpayer Identity Number and Certificate, is a form that offers companies with personal information concerning an independent contractor (IC), or freelancer, for tax purposes in the United States. This form asks for the IC’s name and address. This information is used to be able to produce a 1099 MISC. The W-9 Form is an important tool for employers to collect info about contractors for income tax purposes. Verifying the information on this form and keeping it up-to-date ensures you collected correct individual information.
It is important to review and update the Form W-9 every year. However, if a contractor provides you with an updated address or a name change, these changes may be recorded for use. The company should retain the information on this form for a number of years. It should not be sent to the Internal Revenue Service. Remember that it is a tool to gather specific information that a business needs to complete 1099 if the contractor earns more than a particular amount throughout the tax year.
Send Form Downloadable W9 Tax Form
Just return the W-9 form filled out to the requester. They’ll generally keep the completed form in their file for reference during their finish year accounting, to ensure that they can issue an exact Form 1099-NEC. Downloadable W9 Tax Form is there a w-9 form for 2020