Blank 2022 Printable W9 – The W-9 Form or Request for Taxpayer Identification Number and Certification form gives a business correct information about a freelancer or an independent professional (IC) tax purposes in the United States. The Form requests details such as the IC’s name, address, social security number (SSN), and more. The information is used to produce a 1099-MISC. A W-9 Form is a crucial tool for businesses to collect details about the employee for profits tax requirements. Verifying the information on this Form and keeping it updated warranties you collected precise private information.
What is a W 9 form used for?
Use W-9 to provide your correct Taxpayer Identification Number (TIN) to the individual who is needed to file an info return with the IRS to report, for instance: Income paid to you. Real estate transactions. Home loan interest you paid.
Typically, the IRS Form W-9 and the Tax Identification Number and Certification are a requirement by companies. They’re detailed to offer needed information for organizations relating to their independent contractors. An information return called FORM 1099-MISC is utilized.
When should you fill and submit Form W-9?
The unexpected arrival of a W-9 form for filling should be handled seriously by an independent contractor. Before accepting it, the specialist ought to understand whether they are legally required to do so. Form W-9 is likewise utilized by financial institutions to source info from a customer to report dividends or interest. Care here: It’s most likely the financial institution currently has your tax ID number obtained when you opened your account.