Get the free Form W-9 - nesug

Form W-9 is used by a person who is required to file an information return with the IRS to provide their correct taxpayer identification number (TIN). This form certifies the accuracy of the TIN and

How to fill out form w-9 - nesug

How to fill out Form W-9

1. Obtain Form W-9 from the IRS website or request it from the party needing the form.
2. Fill in your name in the first box.
3. If applicable, include your business name in the second box.
4. Select the appropriate federal tax classification from the options provided.
5. Enter your address, city, state, and ZIP code.
6. Provide your taxpayer identification number (TIN), which can be your Social Security Number (SSN) or Employer Identification Number (EIN).
7. Certify the information by signing and dating the form.
8. If applicable, indicate any exemptions from backup withholding.

Who needs Form W-9?

1. Individuals or businesses that are required to provide their taxpayer identification information to another party for reporting purposes.
2. Freelancers or independent contractors receiving payment that requires tax reporting.
3. Businesses hiring contractors who need to report payments made to them to the IRS.
4. Financial institutions or entities that require TIN for accounts or investments.

People Also Ask about

Why would someone request a W9?

Why would a customer ask for a W9? A W9 is generally requested by someone whose business needs to make a payment and needs to know exactly what legal entity they are making a payment to. Without a W9, they may need to withhold 24% of the amount they're paying you and give it to the IRS.

Do I have to report a W9 for income?

While tax form W-9 is used most commonly by independent contractors, gig workers, and freelancers who are paid $600 or more by a business, it can also be used to report other types of income to the IRS. Examples of the types of income include: Acquisition or abandonment of secured property. Cancellation of debt.

What do you do when someone asks for a W9?

If you do business with a company that pays you as an independent contractor, freelancer or gig worker (in other words, self-employed), or will be paid income such as interest or dividends, a company may request that you fill out and send a W-9 so they can accurately prepare a 1099 form, report the payments they make

Who fills out a W9 form?

You will need to fill out a W-9 form if you: Classify yourself as an independent contractor or “freelancer.” Are not a full-time employee of the business. Will be paid more than $600 for work provided to the business.

What is the W9 form used for?

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.

Why is someone requesting a W9 from me?

Key Takeaways A W-9 form is used for taxpayer identification and certification when freelancers and independent contractors work for a business. The business owner needs this form to properly report certain payments to the IRS.

Is it safe to give out W9?

If you get one from someone you don't know If you're a contractor and you receive a Form W-9 from an individual or business who is not a client, don't fill it out. Sending your Social Security number (SSN) and other personal information to a stranger could be dangerous.

Why would someone need your W9?

A bank might request a W9 form for several reasons. Typically, they need it to collect information about you for tax purposes. The information on the form helps them accurately report any interest, dividends, or other income you earn on your accounts to the Internal Revenue Service (IRS).

For pdfFiller’s FAQs

What is Form W-9?

Form W-9 is a tax form used in the United States by individuals and businesses to provide their taxpayer identification number (TIN) to entities that will report income paid to them to the IRS.

Who is required to file Form W-9?

Any individual or entity that is required to provide their TIN to another party for tax purposes, such as freelancers, contractors, and certain vendors, must file Form W-9.

How to fill out Form W-9?

To fill out Form W-9, provide your name, business name (if applicable), address, TIN, and the appropriate tax classification. Sign and date the form, certifying its accuracy.

What is the purpose of Form W-9?

The purpose of Form W-9 is to gather taxpayer information to ensure proper reporting of income to the IRS and to verify a person’s or business’s tax status.

What information must be reported on Form W-9?

The information that must be reported on Form W-9 includes the individual's or business's name, business name (if applicable), address, taxpayer identification number (TIN) or Social Security number (SSN), and the tax classification.