Form W-9 is a commonly used IRS form for providing necessary information to a person or company that will be making payments to another person or company. One of the most common situations is when someone works as an independent contractor for a business
The IRS requires that contractors submit a W-9 form to the company using their services. Image Credit:Thinkstock/Comstock/Getty Images Business owners are required to file information returns informing the IRS of how much money they paid to other companies or individuals throughout the year in t...
The Form W-9 is used to prepare a range of various informational returns to the IRS. The most common situation occurs when anindependent contractorcompletes work for a company and receives payment. If that independent contractor receives more than $600 in a calendar year, they are required to ...
The information collected by an entity on a W-9 form cannot be disclosed for any other purpose, under strict privacy regulations. Independent contractors who work with companies they are not employed with must often provide that company a W-9. ...
Form W-9 is used when a business needs to have your name, address and taxpayer identification number so the business can issue a tax document to you and to the IRS. A person/company who conducts business with you relies on the W-9 form as a source for your personal information, the ...
To ensure that you receive your 1099s in time for tax season, you’ll need to submit a completed W-9 tax form to each company prior to working on projects for them. This guarantees that they have all of the information they need to file their taxes with the IRS, and to generate and...
Purpose of Form ? An individual who is a U.S. citizen or U.S. resident alien, A person who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) to report, for ? A partnership, corporation, company, or association created or...
W-9 Form: How to Fill Out Start by reading the "General Instructions" section at the bottom of the W-9. Next, go back to the top and fill in your name or business name. For example, if you are a graphic artist and your company is Ratkowski Design, you would fill out your W-9...
Can you explain why a person would not want to give a W-9 but sends a P-1 form instead. What is a P-1 form? Our company requires a W-9 from a new vendor that we purchase from and most comply. SmartCapitalMind, in your inbox ...
Communicate the legal name of the S corporation. The name listed on Form W-9 must match the name listed on the company’s articles of incorporation, also known as a certificate of incorporation. Check the appropriate box to indicate the company is an S corporation. ...