W9 Form 2022 For Business – W-9–Request to Taxpayer Identity Number and Certificate–is a common IRS form. If you have your own company or work as an independent contractor, a client may request that you fill out and send a W-9 so they can accurately prepare your 1099-NEC form and report the payments they make to you at the end of the year. W9 Form 2022 For Business
W9 Form 2022 For Business
What is a W9 Form 2022 For Business ?
The W-9, also recognized as Request for Taxpayer Identity Number and Certificate, is a form that provides businesses with individual info regarding an independent contractor (IC), or freelancer, for tax purposes in the United States. This form asks for the IC’s name and address. The data is used for generating a 1099-MISC. The W-9 Form is an essential tool for employers to collect information about contractors for income tax purposes. To ensure you collect accurate personal information, verify it and keep it updated.
It is important to review and update the Form W-9 every year. It is possible to help keep the W-9 if you receive a contractor’s updated address or name changes. This form ought to remain with the company for several decades. It should not be sent to the Internal Revenue Service. You should bear in mind that the 1099 is used to supply specific info to a company.
Submitting Form w-9
The completed W-9 form should be returned to the company or person who requests it. They will maintain the completed W-9 form in their files to be used throughout their finish of year accounting. W9 Form 2022 For Business w 9 form 2022 for business