W9 Tax Form 2021 Free Download – The IRS commonly utilizes Form W-9-Request for Taxpayer Information Number and Certification. Clients may ask you to fill out and submit a W-9 form if you are a sole proprietor or independent contractor. They’ll use this information to prepare your 1099 NEC form accurately and report all payments at the finish. W9 Tax Form 2021 Free Download
What is a W9 Tax Form 2021 Free Download
The W-9 or Request for Taxpayer identification Number and Certification form provides a company relevant info about an individual contractor (IC), or freelancer to be used for tax purposes in America. The form asks for info such as the IC’s name, address, social security number (SSN), and much more. The data is used to produce a 1099-MISC. Employers must use the W-9 Form as a tool to identify contractors for income tax purposes. To make sure you collect correct personal info, verify it and maintain it updated.
Each year, the W-9 form should be reviewed and amended. If a contractor provides you an updated address or name alter, these changes can be recorded for future reference. This form should stay with the company for a number of decades. It should not go to the Internal Revenue Service. You ought to bear in mind that the 1099 is used to provide specific information to a company.
Submitting Form w-9
The completed W-9 form should be returned to the company or person who requests it. They’ll maintain the completed W-9 form in their files to become used during their end of year accounting. W9 Tax Form 2021 Free Download