Is There A 2022 W9 Form

Is There A 2022 W9 Form – Form W-9–Request for Taxpayer Identification Number and Certification–is a generally used IRS form. If you have your personal company or function as an independent contractor, a client may request that you fill out and send a W-9 so they are able to accurately prepare your 1099-NEC form and report the payments they make to you at the finish of the year. Is There A 2022 W9 Form

What is the W-9 Form?

The W-9, also known as Request for Taxpayer Identity Number and Certificate, is a form that offers 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. It also requests information like their social safety numbers (SSN), as well as other details. The data will probably be used to produce a 1099 MISC. Employers use the W-9 form to obtain information about contractors to be able to calculate their income tax. The W-9 Form is an important tool for employers to gather correct information about contractors.

Form W-9 should be reviewed and updated yearly. You may have to record any changes in address or names supplied by contractors. This form should be kept by the business for a number of years. The Internal Revenue Service shouldn’t obtain it. If the contractor earns more throughout the tax year, it is only a tool that can be used to collect the specific info that a company must fill out 1099.

Send Form Is There A 2022 W9 Form

Merely total the W-9 Form and return it to the person/company requesting it. They’ll frequently keep the completed forms in their files so that they can issue a right Form 1099 -NEC at the finish of the year. Is There A 2022 W9 Form is there a 2022 w9 form