Michigan W9 Tax Form – The IRS generally utilizes Form W-9-Request for Taxpayer Information Number and Certification. If you have your personal business or function as an independent contractor, a client may request that you fill out and send a W-9 so they can accurately prepare your 1099-NEC form and report the payments they make to you at the end of the year. Michigan W9 Tax Form
What is a Michigan W9 Tax Form ?
The W-9, which is the Request for Taxpayer Information Number and Certification form, allows businesses to provide relevant personal information about an independent contractor, (IC), for tax purposes inside the United States. The form requests information such as the name and address of the IC, together with their social security number (SSN) and other pertinent particulars. This information is used to create a 1099MISC. Employers should use the W-9 Form as a tool to determine contractors for income tax purposes. The W-9 Form is an important tool for employers to collect accurate info about contractors.
Form W-9 should be reviewed and updated yearly. It is feasible to keep the W-9 if you obtain a contractor’s updated address or name changes. The business should retain the information on this form for a number of years. It shouldn’t be sent straight to the Internal Revenue Service. You ought to keep in mind that the 1099 is used to provide particular info to a company.
Submitting the Form W-9
Simply complete the W-9 Form and return it to the person/company requesting it. They’ll often keep the completed forms in their files so that they are able to problem a correct Form 1099 -NEC at the end of the year. Michigan W9 Tax Form how to get a w-9 tax form