Irs W9 2022 Form

Irs W9 2022 Form – W-9–Request to Taxpayer Identity Number and Certificate–is a common 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’ll use this information to prepare your 1099 NEC form accurately and report all payments at the finish. Irs W9 2022 Form

Irs W9 2022 Form

What is the W-9 Form?

The W-9, or Request for Taxpayer Identification Number and Certification form, offers a company with relevant individual information about an independent contractor (IC) or freelancer for tax purposes in the United States. The form demands info such as the IC’s name, address, and social security number (SSN). This information is used in order to generate a 1099 MISC. Employers must use the W-9 Form as a tool to determine contractors for income tax purposes. This form is important for employers to verify and maintain present. It will make sure that you have accurate personal information.

Annually, you should review and update Form W-9. If a contractor provides you an updated address or name alter, these changes can be recorded for future reference. This form should be retained for several years by the company. It should not be sent to the Internal Revenue Service. If the contractor earns much more throughout the tax year, it is only a tool that can be used to collect the particular info that a company needs to fill out 1099.

Sending form W-9

The completed W-9 form should be returned to the company or individual who requests it. The completed form will probably be kept in the company’s files so they are able to reference it during end-of-year accounting. Irs W9 2022 Form w9 form 2022 irs.gov