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The W-9 form is used to request a taxpayer identification number, ensuring accurate reporting of income paid to individuals and entities for tax purposes.
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What is w-9?
The W-9 is a form used in the United States by individuals and entities to provide their taxpayer identification number (TIN) to others who are required to file information returns with the IRS.
Who is required to file w-9?
Individuals or businesses that are required to provide their TIN to another party for tax reporting purposes must file a W-9. This includes freelancers, contractors, and certain businesses receiving payments.
How to fill out w-9?
To fill out a W-9 form, you need to provide your name, business name (if applicable), your TIN (Social Security Number or Employer Identification Number), address, and signature to certify the correctness of the information.
What is the purpose of w-9?
The purpose of the W-9 form is to collect the correct taxpayer identification information for reporting income paid to individuals or entities. This information is used by the payer to prepare tax documents such as Form 1099.
What information must be reported on w-9?
The W-9 must report the individual's or entity's name, business name (if applicable), taxpayer identification number, and address. It may also require the individual to indicate their tax classification.
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