What Is W9 Form 2022 – W-9–Request to Taxpayer Identity Number and Certificate–is a common IRS form. A client may request that you complete and send a W-9 if you personal a company or work independently. This may permit them to accurately prepare their 1099-NEC forms and report any payments made to you at year’s finish. What Is W9 Form 2022
What Is W9 Form 2022
What is a What Is W9 Form 2022 ?
The W-9 (Request for Taxpayer ID Number and Certification form) offers a company with the essential personal information about an independent contractor or freelancer in order to file tax returns in the United States. The form requests information such as the name and address of the IC, along with their social security number (SSN) as well as other pertinent details. The data is used for generating a 1099-MISC. Employers use the W-9 form to acquire info about contractors in order to calculate their income tax. The W-9 Form is an important tool for employers to gather accurate info about contractors.
Every year, the W-9 form ought to be reviewed and amended. Contractors may offer you with updated addresses or name changes. These may be recorded for your future reference. The business ought to retain the information on this form for a number of years. It should not be sent to the Internal Revenue Service. If the contractor earns much more during the tax year, it is only a tool that may be used to gather the particular info that a company must fill out 1099.
Send Form What Is W9 Form 2022
Just return the W-9 form filled out to the requester. They’ll maintain the completed W-9 form in their files to become used throughout their end of year accounting. What Is W9 Form 2022 what is w 9 form 2022