Form W9 2022 – Form W-9–Request for Taxpayer Identification Number and Certification–is a commonly used IRS form. Customers 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. Form W9 2022
Form W9 2022
What is a Form W9 2022
The W-9 (Request for Taxpayer ID Number and Certification form) offers a business with the essential individual info about an independent contractor or freelancer in order to file tax returns in the United States. The form asks for info such as the IC’s name, address, social security number (SSN), and much more. The data is used for producing a 1099-MISC. Employers can use the W-9 Form to collect information about contractors for their income tax purposes. Verifying the info on this form and maintaining it up-to-date ensures you collected accurate individual information.
Each year, the W-9 form ought to be reviewed and amended. You may have to record any changes in address or names provided by contractors. This form ought to be retained by the business for many years. It shouldn’t go to the Internal Revenue Service. Keep in mind that this is a tool for gathering particular info. A business must complete 1099 if the contractor earns more than a certain amount during the tax-year.
Submitting the Form W-9
Simply return the completed W-9 form to the individual or company requesting it. The completed form will be kept in the company’s files so they can reference it during end-of-year accounting. Form W9 2022 new w9 form 2022