W9 October 2021 Form Printable – The IRS generally uses Form W-9-Request for Taxpayer Info Number and Certification. 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 make sure they can prepare the 1099-NEC form accurately and then report the payments you obtain at the close of the year. W9 October 2021 Form Printable
What is a W9 October 2021 Form Printable
The W-9, also known as Request for Taxpayer Identity Number and Certificate, is a form that offers companies with individual information concerning an independent contractor (IC), or freelancer, for tax purposes in the United States. The form demands information such as the IC’s name, address, and social security number (SSN). This information is used to create a 1099MISC. Employers need to have the W-9 form in place to obtain info on contractors for income-tax purposes. This form is essential for employers to confirm and maintain present. It’ll make sure that you have accurate individual information.
The Form W-9 should be updated annually and should be reviewed. If a contractor gives you an updated address or name change, these changes can be recorded for future reference. This form ought to be kept by the company for several years. The Internal Revenue Service should not have it. If the contractor earns more throughout the tax year, it is only a tool that can be used to gather the specific information that a company needs to fill out 1099.
Submitting the Form W-9
Merely total the W-9 Form and return it to the person/company requesting it. They will typically keep the completed form in their files for reference throughout their end-of-year accounting to ensure that they are able to issue an accurate Form 1099-NEC. W9 October 2021 Form Printable