Form W-9 asks for identifying information, such as name, mailing address, and taxpayer ID and serves as an agreement that independent contractors need to exercise responsibility in withholding taxes from their income. If you did multiple jobs for multiple companies, fill out a Form W-9 for each company. Often, a company will send you a blank Form W-9 to complete before formally doing business. You may download the form from the official website of the IRS.
Aside from being an independent service provider, there are other situations that require a person to fill out FormW-9, including:. Financial institutions, perhaps including your bank, use Form W9 to gather financial information from customers to report interest and dividends. They may ask for a filled-out FormW-9 when a customer opens an account.
Professionals who file and manage tax-related information and transactions independently need to use Form W Form W-9 is not intimidating to complete compared to other U. Excluding the instructions section, it is not even a page-long form. In most cases, the business or financial institution is responsible for providing you a blank Form W-9, though you may download a free copy of the document from the official IRS website. You will need to finish the form by providing all the required information before you undertake any professional and business services.
Use this line when you have a business name, trade name, doing-business-as name, or a disregarded entity name. Otherwise, you can leave this portion empty. If this is applicable to you, provide a number or a letter code that explains your exemption. Your employer will use the information you will provide in these lines to mail your information returns.
Provide your number, street, and apartment or suite number in Line 5 and your city, state, and ZIP code in Line 6. This line is where you can provide any account numbers your employer may find useful. You may leave this optional line if you prefer to. Use this section to sign and date the form, confirming that all the data you have provided are true and accurate. Before signing, review your information and ensure that you have followed the instructions correctly.
Form W-9 is a basic and simple tax form that you can fill out in minutes. While it is an easy-to-complete, standard legal document, you must exercise diligence and distinguish red flags to avoid legal predicaments. Tax form fraud is prevalent; thus, when filing your Form W-9, your primary responsibility is to secure the form to protect your identity, avoiding identity theft and fraud. To ensure that fraudsters will not get ahold of your personal information, you must not carelessly leave your completed form in a public place or send it using unsecured methods.
Utilize a reliable means of sending legal documents, such as via hand delivery, mail, or an encrypted email. Before filling out Form W-9, you must know who is requesting, the reason behind the request, and how your information will be used. Beware of potential phishing scams for any request made via email.
Scammers are experts in disguising themselves as professionals requesting individuals to fill out Form W-9 for business purposes. Be cautious and verify the request before completing and sending back the form to avoid becoming a victim of identity theft or tax fraud.
If you are doubtful whether the request is legitimate or not, it is advisable to speak to a tax consultant for advice. These may be recorded for your future reference. This form should be kept by the business for a number of years. The Internal Revenue Service should not have it. It is intended to become used by a contractor to collect specific info. Submitting W 9 Form Download Pdf. The completed W-9 form ought to be returned to the company or person who requests it.
W-9 tax form is a document required by the Internal Revenue Service. This info goes to IRS, so the government knows how much money you make annually. But independent contractors are also compelled to send the IRS form W So, to put it simply, tax form W 9 purpose is to make freelancers and indie-contractors accountable to the IRS.
Form W Get Form. IRS W-9 Instructions Printable Tax Forms W What is a W-9 Form. Both employers and employees can not only print the W-9 Form directly from our site but also benefit from:. Before skipping to Form W-9 instructions, make sure that you have all the needed documents. But how to get the W-9 form? You can either print the form from our site and fill it by hand, or stay on the website to complete it online. You can also use tax-filling software for PC or Mac.
In lines , you have to provide such information, as:.
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