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This form is used by individuals and entities to provide their Taxpayer Identification Number (TIN) to requesters for reporting income and business transactions to the IRS.

How to fill out w-9 - ucdenver

How to fill out W-9

1. Obtain a blank W-9 form from the IRS website or your employer.
2. Provide your name as it appears on your tax return in the 'Name' field.
3. If applicable, enter your business name in the 'Business name/disregarded entity name' field.
4. Select the appropriate checkbox for your federal tax classification (individual, corporation, partnership, etc.).
5. Enter your address, city, state, and ZIP code in the designated fields.
6. Provide your Social Security Number (SSN) or Employer Identification Number (EIN) in the appropriate box.
7. Indicate whether you are subject to backup withholding by checking the box if applicable.
8. Sign and date the form to certify that the information provided is correct.

Who needs W-9?

1. Any individual or business that is required to provide their taxpayer identification information to another party.
2. Freelancers and contractors who are paid by a business.
3. Entities that receive payments for services or interest that may result in income being reported to the IRS.
4. Individuals receiving certain government payments, such as unemployment benefits.

People Also Ask about

What entities need a W9?

Most broadly, Form W-9 must be filled out by independent contractors that perform work for another party with which they are not employed. This includes freelance workers or gig employees under non-employment structures.

Who needs to submit a W9?

Employers who work with independent contractors must provide them with a W-9 form to fill out before starting work. There are specific criteria for who is classified as an “independent contractor” and will need to fill out a W-9 form.

What companies don't need a W9?

An IRS Form W-9 is not needed if the vendor or freelancer is paid less than $600 in one year, if payments exceeding that amount were not business-related, if the sale is strictly goods, or if paid solely by credit card as the credit card company issues the 1099.

Who is required to submit a W9?

You will need to fill out a W-9 form if you: Classify yourself as an independent contractor or “freelancer.”

Who is exempt from providing a W9?

All payees listed in items 1 through 4 and 6 through 11 are exempt. Also, C corporations are exempt. A person registered under the Investment Advisers Act of 1940 who regularly acts as a broker also is exempt. Barter exchange transactions and patronage dividends.

Do US citizens need a W9?

U.S. citizens and “U.S. person” payees who are self-employed independent contractors, freelancers, attorneys, businesses, vendors, suppliers, nonprofit organizations, partnerships, U.S. trusts, heirs of domestic estates, and holders of accounts in U.S. and foreign financial institutions (FFI) complete W9 tax forms

What is the foreign equivalent of a W9?

Foreign individuals and entities that don't reside in the U.S. don't need to file a W-9 form. The IRS, however, requires you receive a W-8 form from each foreign individual or company you conduct business with. Foreign aliens who are US residents will need to file a W-9.

What is the purpose of a W9?

Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example: Income paid to you.

For pdfFiller’s FAQs

What is W-9?

Form W-9 is a request for taxpayer identification number and certification used in the United States by individuals to provide their taxpayer information to businesses or entities that will report income paid to them to the IRS.

Who is required to file W-9?

Individuals or entities that are required to provide their taxpayer identification information, such as freelancers, independent contractors, and vendors receiving certain types of income, are required to file a W-9.

How to fill out W-9?

To fill out a W-9, individuals need to provide their name, business name (if applicable), address, taxpayer identification number (Social Security Number or Employer Identification Number), and sign and date the form.

What is the purpose of W-9?

The purpose of the W-9 form is to provide the payor with the correct taxpayer information necessary to prepare information returns, such as Form 1099, accurately reporting payments made to the taxpayer.

What information must be reported on W-9?

The information that must be reported on W-9 includes the individual's name, business name (if applicable), address, taxpayer identification number (TIN), and certification that the information provided is accurate.