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How to fill out form w-9 tax info
How to fill out form w-9 tax info
01
To fill out form W-9 tax info, follow these steps:
02
Start by entering your name in the first line. Use the name that is associated with your taxpayer identification number (TIN).
03
Provide your business name, if applicable, on the second line.
04
Select the appropriate federal tax classification by checking the box that best describes your status. This could be an individual, sole proprietor, or a specific type of business entity.
05
If you are exempt from backup withholding, you need to check the box provided. Otherwise, leave it blank.
06
Provide your TIN - Social Security Number (SSN) or Employer Identification Number (EIN) - on the designated line.
07
If you have a disregarded entity, partnership, or other type of flow-through entity, you need to provide the owner's TIN.
08
Enter your address, including the street, city, state, and ZIP code, on the lines provided.
09
If you need to make any updates to the previously provided TIN, you should check the appropriate box and provide the necessary information.
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Finally, sign and date the form.
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Make sure to review the completed form for accuracy before submitting it to the requesting party.
Who needs form w-9 tax info?
01
Form W-9 tax info is typically needed from individuals or businesses that receive income, such as freelancers, independent contractors, and consultants.
02
It is also required when someone starts working for a new employer, as the employer needs this information for tax reporting purposes.
03
Additionally, financial institutions may require form W-9 from individuals or businesses who receive certain types of payments, such as interest, dividends, or brokerage proceeds.
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