Get the free Substitute W-9 Form - Virginia Tourism Corporation - vatc

VIRGINIA TOURISM CORPORATION Request For Taxpayer Identification Number (TIN) and Certification Substitute W-9 Form Vendor number IRS code Section 6109 requires you to give your correct TIN to persons

How to fill out substitute w-9 form

How to fill out a substitute W-9 form:

1. Begin by gathering the necessary information. You will need the requester's name, business name (if applicable), address, and taxpayer identification number (TIN).
2. In the first section of the form, enter your name and business name (if applicable). Use your legal name and any additional names that may be associated with your business.
3. Provide the correct mailing address for your business or personal use. Double-check for any potential errors or misspellings.
4. Fill in your TIN, which can be either your Social Security Number (SSN) or Employer Identification Number (EIN). Make sure to enter it accurately to avoid any issues with the IRS.
5. Indicate your withholding status by checking the appropriate box. Most individuals select "sole proprietor" for this section, but check with an accountant or tax advisor if you are unsure.
6. If you have been notified of backup withholding by the IRS, mark the applicable box in order to ensure the correct tax treatment.
7. In case you are exempt from backup withholding, provide the reason for exemption in the designated space on the form.
8. Sign and date the form. By signing, you are certifying that the information provided is correct and that you are not subject to backup withholding.

Who needs a substitute W-9 form:

1. Independent contractors: If you are hired as an independent contractor by a business or individual, they may request you to complete a substitute W-9 form. This enables them to obtain your taxpayer information for tax reporting purposes.
2. Freelancers: Freelancers who work on a contractual basis for different clients may also need to fill out a substitute W-9 form. This allows clients to accurately report payments made to you during the tax year.
3. Vendors and service providers: Businesses that engage the services of vendors or other service providers may require them to provide a completed substitute W-9 form. This enables the business to properly report payments made and comply with tax regulations.
4. Rental property owners: If you own rental properties and collect rental income, individuals or companies involved in rental transactions may request you to complete a substitute W-9 form. This allows them to report the income paid to you to the IRS.
5. Banks and financial institutions: When opening certain types of bank accounts or setting up other financial accounts, such as investment accounts or loans, financial institutions often require individuals to complete a substitute W-9 form.

Remember, the specific need for a substitute W-9 form can vary depending on individual circumstances and the requirements of the requester. If you are unsure whether you should fill out a substitute W-9 form, it is best to consult with a tax professional or the requester themselves.

For pdfFiller’s FAQs

What is substitute w-9 form?

A substitute W-9 form is a document that is used to request the taxpayer identification number (TIN) of a U.S. person for purposes of information reporting and backup withholding.

Who is required to file substitute w-9 form?

The person or entity who is making certain reportable payments to a U.S. person is required to request and obtain a completed substitute W-9 form from the payee.

How to fill out substitute w-9 form?

To fill out a substitute W-9 form, the payee must provide their name, business name (if applicable), address, taxpayer identification number (TIN), and certify that the TIN provided is correct.

What is the purpose of substitute w-9 form?

The purpose of the substitute W-9 form is to collect the necessary information to accurately report payments made to U.S. persons and comply with tax laws.

What information must be reported on substitute w-9 form?

The substitute W-9 form requires the payee to provide their name, address, taxpayer identification number (TIN), and certify that the TIN provided is correct.

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