Irs W9 Form 2022 – The IRS forms W-9, Request for Taxpayer Identification Number (and Certification) are all commonly used. You may be asked by clients to complete and mail a W-9. The client will require it to properly prepare your 1099-NEC and report the payments that they produced at the end. Irs W9 Form 2022
What is a Irs W9 Form 2022
The W-9, also known as Request for Taxpayer Identity Number and Certificate, is a form that provides businesses with individual information regarding an independent contractor (IC), or freelancer, for tax purposes in the United States. The form asks about the IC’s name and address. Additionally, it requests info like their social safety numbers (SSN), as nicely as other particulars. This information is used in order to generate a 1099 MISC. Employers can use the W-9 Form to gather info about contractors for their income tax purposes. The W-9 Form is an essential tool for employers to gather correct info about contractors.
It is essential to review and update the Form W-9 every year. Contractors may offer you with updated addresses or name changes. These can be recorded for your future reference. This form ought to remain with the company for a number of decades. It should not be sent directly to the Internal Revenue Service. You should keep in mind that the 1099 is used to supply specific info to a business.
Submitting Form w-9
Merely total the W-9 Form and return it to the person/company requesting it. The completed form will be kept in the company’s files so they are able to reference it during end-of-year accounting. Irs W9 Form 2022 irs w 9 form 2022 pdf