W 9 Irs Tax Form 2021 – W-9–Request to Taxpayer Identity Number and Certificate–is a typical IRS form. A client might request that you complete and send a W-9 if you own a business or function independently. This will allow them to accurately prepare their 1099-NEC forms and report any payments produced to you at year’s end. W 9 Irs Tax Form 2021
What is a W 9 Irs Tax Form 2021
The W-9, or Request for Taxpayer Identification Number and Certification form, provides a company with relevant personal information about an independent contractor (IC) or freelancer for tax purposes in the United States. The form requests information such as the name and address of the IC, together with their social safety number (SSN) and other pertinent details. This data is used in order to generate a 1099 MISC. Employers have to have the W-9 form in location to get information on contractors for income-tax purposes. To ensure you collect accurate personal info, verify 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 change, those changes may be recorded for use. This form should be kept by the business for several years. The Internal Revenue Service should not have it. It is intended to become used by a contractor to gather particular info.
Send Form W 9 Irs Tax Form 2021
Simply return the completed W-9 form to the individual or company requesting it. They will typically keep the completed form in their files for reference throughout their end-of-year accounting so that they are able to issue an correct Form 1099-NEC. W 9 Irs Tax Form 2021 how to get w-9 from irs