Printable W9 Tax Exempt Form

Printable W9 Tax Exempt Form – The IRS commonly utilizes Form W-9-Request for Taxpayer Info Number and Certification. You may be asked by clients to complete and mail a W-9. The client will need it to properly prepare your 1099-NEC and report the payments that they produced at the end. Printable W9 Tax Exempt Form

Printable W9 Tax Exempt Form

What is the W-9 Form?

The W-9 or Request for Taxpayer identification Number and Certification form offers a business relevant info about an individual contractor (IC), or freelancer to become used for tax purposes in America. The form asks about the IC’s name and address. Additionally, it requests information like their social safety numbers (SSN), as well as other particulars. The data is used for generating a 1099-MISC. Employers should use the W-9 Form as a tool to determine contractors for income tax purposes. Verifying the info on this form and keeping it up-to-date ensures you collected correct individual information.

It is essential to review and update the Form W-9 each year. However, if a contractor offers you with an updated address or a name alter, these changes may be recorded for use. This form ought to be kept by the company for several years. The Internal Revenue Service shouldn’t receive it. Keep in mind that this is a tool for gathering particular info. A company must complete 1099 if the contractor earns more than a certain quantity throughout the tax-year.

Submitting the Form W-9

Merely complete the W-9 Form and return it to the person/company requesting it. They will often maintain the completed forms in their files so that they are able to issue a correct Form 1099 -NEC at the finish of the year. Printable W9 Tax Exempt Form