Get the free Substitute Form W-9 - ferris

This form is used by Ferris State University to request vendor identification information for tax purposes and certification of compliance for potential contractual relationships.

How to fill out substitute form w-9

How to fill out Substitute Form W-9

1. Obtain a Substitute Form W-9 from the requesting party or download it from the IRS website.
2. Provide your name in the appropriate field. If you are an individual, enter your name as it appears on your tax return.
3. If applicable, enter your business name or disregarded entity name if different from your personal name.
4. Select the appropriate tax classification for your entity (e.g., individual/sole proprietor, corporation, partnership, etc.).
5. Enter your address, including the street, city, state, and ZIP code.
6. Provide your Social Security Number (SSN) or Employer Identification Number (EIN) in the designated field.
7. Check the certification box to confirm that the information provided is accurate and complete.
8. Sign and date the form to certify the information.
9. Submit the completed form to the requester, keeping a copy for your records.

Who needs Substitute Form W-9?

1. Individuals or businesses receiving income, payments, or other taxable transactions that require tax reporting.
2. Freelancers, contractors, or vendors providing services to a business.
3. Anyone who has been requested by a payer to furnish their taxpayer identification information.

People Also Ask about

What is a 1099-NEC form used for?

Let's start by answering “What is 1099-NEC?” The 1099-NEC is the Internal Revenue Service (IRS) form to report nonemployee compensation — that is, pay from 1099 independent contractor jobs (also sometimes referred to as self-employment income).

What is a Florida substitute Form W-9?

The purpose of a Substitute Form W-9 is to provide a Federal Taxpayer Identification Number (TIN), official entity name, a business designation (sole proprietorship, corporation, partnership, etc.), and other taxpayer information to the State.

What is a substitute form for W9?

Use a substitute Form W-9 that requires the payee, by signing, to agree to provisions unrelated to the required certifications, or. Imply that a payee may be subject to backup withholding unless the payee agrees to provisions on the substitute form that are unrelated to the required certifications.

What are the two types of 1099s?

Some common examples when you might receive a 1099 include: You should receive a Form 1099-NEC if you earned $600 or more in nonemployee compensation from a person or business who isn't typically your employer. You should receive Form 1099-MISC if you earned $600 or more in rent or royalty payments.

Is there a fillable W9 form?

TaxBandits Now Offers a Fillable Form W-9 Solution!

What is a substitute payment on 1099?

Line 8: Substitute Payments in Lieu of Dividends or Interest – Shows the total amount of payments in lieu of dividend or interest when your securities are out on loan. Income received during the period when you are not holder of record is considered a substitute payment, rather than dividend or interest income.

What is a substitute Form 1099?

Use form FTB 3525, Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., as a substitute for federal Forms W-2, W-2c, and 1099-R when your employer or payer does not give you a Form W-2 or Form 1099-R

For pdfFiller’s FAQs

What is Substitute Form W-9?

Substitute Form W-9 is a document used by taxpayers to provide their taxpayer identification information to a requestor, usually to avoid backup withholding on payments made to them.

Who is required to file Substitute Form W-9?

Individuals and entities that receive certain types of income, such as interest, dividends, and independent contractor payments, may be required to file Substitute Form W-9 when requested by the payer.

How to fill out Substitute Form W-9?

To fill out Substitute Form W-9, provide your name, business name (if applicable), type of entity, address, taxpayer identification number (TIN), and signature certifying the information is accurate.

What is the purpose of Substitute Form W-9?

The purpose of Substitute Form W-9 is to collect and verify the taxpayer identification information of individuals or entities to ensure compliance with tax reporting and withholding requirements.

What information must be reported on Substitute Form W-9?

The information reported on Substitute Form W-9 includes the individual's name, business name (if applicable), address, taxpayer identification number (TIN), and the signature of the requester certifying the information is correct.