W9 Form 2022 – A typical IRS form is Form W-9–Request For Taxpayer ID Number and Certification. You may be asked by clients to complete and mail a W-9. The client will require it to correctly prepare your 1099-NEC and report the payments that they produced at the end. W9 Form 2022
What is a W9 Form 2022 ?
The W-9, which is the Request for Taxpayer Information Number and Certification form, allows businesses to provide relevant personal info about an independent contractor, (IC), for tax purposes inside the United States. This form asks for the IC’s name and address. This info is used to create a 1099MISC. Employers have to have the W-9 form in place to obtain information on contractors for income-tax purposes. You can confirm the info and maintain it current to make sure correct individual information.
Form W-9 ought to be reviewed and updated yearly. It is possible to keep the W-9 if you receive a contractor’s updated address or name changes. This form ought to be retained by the company for many years. The Internal Revenue Service should not have it. Bear in mind that this is a tool for gathering particular information. A business must total 1099 if the contractor earns over a particular quantity during the tax-year.
Send Form W9 Form 2022
Simply return the completed W-9 form to the individual or company requesting it. They’ll usually maintain the completed form in their file for reference throughout their end year accounting, to ensure that they are able to problem an precise Form 1099-NEC. W9 Form 2022 w 9 form 2022 pdf free