W-9 Tax Form Fillable – The IRS forms W-9, Request for Taxpayer Identification Number (and Certification) are all generally used. When you work for a client, or in case your company is independent, they may ask that you fill out and return a W-9 to ensure they can prepare the 1099-NEC form accurately and after that report the payments you obtain at the close of the year. W-9 Tax Form Fillable
What is a W-9 Tax Form Fillable ?
The W-9, or Request for Taxpayer Identification Number and Certification form, provides a business with relevant personal info about an independent contractor (IC) or freelancer for tax purposes in the United States. The form asks about the IC’s name and address. It also requests info like their social safety numbers (SSN), as well as other particulars. This information is used to be able to generate a 1099 MISC. Employers must use the W-9 Form as a tool to determine contractors for income tax purposes. To make sure you collect correct personal information, verify it and maintain it updated.
The Form W-9 should be updated annually and ought to be reviewed. Contractors may provide you with updated addresses or name changes. These can be recorded for your future reference. This form should be retained by the company for a lot of years. It should not be sent to the Internal Revenue Service. If the contractor earns more throughout the tax year, it is only a tool that can be used to gather the particular information that a company must fill out 1099.
Submitting Form w-9
Simply return the completed W-9 form to the person or company requesting it. They’ll generally keep the completed form in their file for reference throughout their end year accounting, so that they are able to issue an exact Form 1099-NEC. W-9 Tax Form Fillable how to fill w 9 tax form