W-9 Form 2021 Indiana – W-9–Request to Taxpayer Identity Number and Certificate–is a typical IRS form. A client may request that you complete and send a W-9 if you personal a business or function independently. This may allow them to accurately prepare their 1099-NEC forms and report any payments produced to you at year’s end. W-9 Form 2021 Indiana
What is the W-9 Form?
The W-9, which is the Request for Taxpayer Information Number and Certification form, allows companies to provide relevant personal info about an independent contractor, (IC), for tax purposes inside the United States. The form requires information such as the IC’s name, address, and social safety number (SSN). This data is used in order to generate a 1099 MISC. Employers use the W-9 form to obtain info about contractors to be able to calculate their income tax. To make sure you gather accurate personal info, confirm it and keep it updated.
Form W-9 should be reviewed and updated yearly. However, if a contractor provides you with an updated address or a name alter, those changes may be recorded for use. This form ought to be retained for several years by the business. It should not be sent straight to the Internal Revenue Service. If the contractor earns more during the tax year, it is only a tool that may be used to collect the specific information that a company must fill out 1099.
Submitting Form w-9
Just return the W-9 form filled out to the requester. They’ll keep the completed W-9 form in their files to be used during their end of year accounting. W-9 Form 2021 Indiana