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This document is a Substitute Form W-9, used by individuals and entities to provide their Taxpayer Identification Number (TIN) to reportable payees, and to certify their tax status to avoid backup
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How to fill out substitute form w-9

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How to fill out Substitute Form W-9

01
Download the Substitute Form W-9 from the IRS website or obtain a copy from your client.
02
Provide your name in the 'Name' field as it appears on your tax return.
03
Fill out the 'Business Name' field if applicable.
04
Check the appropriate box that reflects your tax classification (individual, corporation, partnership, etc.).
05
Enter your address in the 'Address' field including street, city, state, and ZIP code.
06
Fill in your Taxpayer Identification Number (TIN), which can be your Social Security Number (SSN) or Employer Identification Number (EIN).
07
Sign and date the form to certify that the information provided is correct.
08
Submit the completed form to the requester, not to the IRS.

Who needs Substitute Form W-9?

01
Individuals or entities that are required to provide their TIN to another party, often for tax reporting purposes.
02
Freelancers or independent contractors who are being paid by a company and need to furnish their TIN.
03
Businesses needing to provide their TIN to other businesses for compliance with IRS regulations.
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People Also Ask about

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).
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.
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.
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.
TaxBandits Now Offers a Fillable Form W-9 Solution!
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.
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

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Substitute Form W-9 is an alternative version of the IRS Form W-9 used to provide taxpayer identification information. It is often used by businesses to collect information from contractors and vendors for tax purposes.
Any individual or entity that is required to provide their taxpayer identification number (TIN) to another party for tax reporting purposes is required to file a Substitute Form W-9.
To fill out the Substitute Form W-9, provide your name, business name (if applicable), address, TIN, and certification. Make sure to sign and date the form.
The purpose of Substitute Form W-9 is to obtain the correct TIN of a payee so that the entity paying them can report certain payments to the IRS accurately and fulfill tax reporting obligations.
The information that must be reported on Substitute Form W-9 includes the name of the individual or entity, business name (if applicable), address, TIN (Social Security Number or Employer Identification Number), and a certification of the information provided.
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