W9 Tax Form Free Download – The IRS forms W-9, Request for Taxpayer Identification Number (and Certification) are all commonly used. 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 info to prepare your 1099 NEC form accurately and report all payments at the end. W9 Tax Form Free Download
What is a W9 Tax Form Free Download ?
The W-9 or Request for Taxpayer identification Number and Certification form provides a business relevant info about a person contractor (IC), or freelancer to be used for tax purposes in America. This form asks for the IC’s name and address. The information is used for producing a 1099-MISC. Employers must use the W-9 Form as a tool to determine contractors for income tax purposes. You can verify the information and maintain it current to ensure accurate individual information.
Form W-9 ought to be reviewed and updated yearly. If a contractor gives you an updated address or name alter, these changes can be recorded for future reference. This form ought to be retained for several years by the business. The Internal Revenue Service shouldn’t receive it. Remember that it is a tool to collect specific info that a business must complete 1099 if the contractor earns more than a certain amount throughout the tax year.
Submitting W9 Tax Form Free Download
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 so that they are able to issue an correct Form 1099-NEC. W9 Tax Form Free Download