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What Does the Fed Do? By Andrew T. Hill FEDERAL RESERVE BANK OF PHILADELPHIA A lesson to accompany the Money in Motion Exhibit Introduction The Federal Reserve System is our nations central bank.
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The IRS Form W-9 is a federal tax document used to confirm a person's taxpayer identification number (TIN) when they are not being paid as an employee.
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Individuals or entities who are receiving income that is not subject to withholding must provide a completed Form W-9 to the payer.
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The purpose of the Form W-9 is to provide the payer with the payee's correct TIN to report income paid to them to the IRS.
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