W-9 Form For 2021 – The IRS forms W-9, Request for Taxpayer Identification Number (and Certification) are all generally used. You may be asked by clients to complete and mail a W-9. The client will require it to properly prepare your 1099-NEC and report the payments that they made at the finish. W-9 Form For 2021
What is a W-9 Form For 2021
The W-9, or Request for Taxpayer Identification Number and Certification form, offers a business with relevant individual information about an independent contractor (IC) or freelancer for tax purposes in the United States. This form asks for the IC’s name and address. This information is used in order to generate a 1099 MISC. Employers need to have the W-9 form in place to get info on contractors for income-tax purposes. This form is important for employers to verify and keep current. It will make sure that you have accurate personal information.
Annually, you should review and update Form W-9. You may have to record any changes in address or names supplied by contractors. The business ought to retain the info on this form for several years. The Internal Revenue Service shouldn’t have it. It is intended to be used by a contractor to gather specific info.
Submitting W-9 Form For 2021
Send the W-9 form completed to the company or person who requested it. The completed form will be kept in the company’s files so they are able to reference it during end-of-year accounting. W-9 Form For 2021 is there a new form w-9 for 2020