W9 Form 2021 Printable Irs.gov – Form W-9–Request for Taxpayer Identification Number and Certification–is a commonly used IRS form. Customers may ask you to fill out and submit a W-9 form if you are a sole proprietor or independent contractor. They will use this info to prepare your 1099 NEC form accurately and report all payments at the finish. W9 Form 2021 Printable Irs.gov
What is a W9 Form 2021 Printable Irs.gov
The W-9, which is the Request for Taxpayer Information Number and Certification form, enables businesses to supply relevant individual info about an independent contractor, (IC), for tax purposes inside the United States. This form asks for the IC’s name and address. This information is used to be able to generate a 1099 MISC. Employers need to have the W-9 form in place to get information on contractors for income-tax purposes. Verifying the information on this form and maintaining it up-to-date ensures you collected correct personal information.
The Form W-9 should be updated annually and should be reviewed. It is feasible to help keep the W-9 if you receive a contractor’s updated address or name changes. The company should retain the info on this form for several years. It shouldn’t go to the Internal Revenue Service. Remember that it is a tool to collect particular info that a business must complete 1099 if the contractor earns more than a certain amount during the tax year.
Submitting the Form W-9
Send the W-9 form completed to the company or person who requested it. They’ll frequently maintain the completed forms in their files to ensure that they can issue a correct Form 1099 -NEC at the finish of the year. W9 Form 2021 Printable Irs.gov