W-9 Form 2021 In Spanish – W-9–Request to Taxpayer Identity Number and Certificate–is a typical IRS form. You may be asked by customers 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. W-9 Form 2021 In Spanish
What is the W-9 Form?
The W-9, also known as Request for Taxpayer Identity Number and Certificate, is a form that provides businesses with personal info regarding an independent contractor (IC), or freelancer, for tax purposes in the United States. This form asks for the IC’s name and address. This data is used to be able to produce a 1099 MISC. The W-9 Form is an essential tool for employers to gather information about contractors for income tax purposes. Verifying the info on this form and maintaining it up-to-date guarantees you collected accurate personal info.
Annually, you ought to review and update Form W-9. However, if a contractor provides you with an updated address or a name change, these changes may be recorded for use. This form ought to be kept by the business for a number of years. It should not visit the Internal Revenue Service. Remember that it is a tool to gather specific info that a company needs to complete 1099 if the contractor earns more than a particular quantity throughout the tax year.
Sending form W-9
Merely total the W-9 Form and return it to the person/company requesting it. They’ll maintain the completed W-9 form in their files to be used during their finish of year accounting. W-9 Form 2021 In Spanish whats w-9 form