Your clients will use the information on your W-9 to put your name, business name, address, andtaxpayer identification number (TIN)on the 1099-MISC they file about you. They will send one copy of 1099-MISC to the IRS and another copy to you in late January, following the end of the ...
Companies use the information to report to the IRS how much non-employee compensation they paid in a given tax year. Starting again with the 2020 tax year, companies will use Form 1099-NEC to provide that info. The form had been discontinued in 1982, withForm 1099-MISCtaking its place. C...