Blank Printable W9 Form – A Internal Revenue Service tax form known as a W-9, is used to confirm the address and name of the person. A confirmation request can be made to either the U.S. citizen, or an citizen of another country. A W-9 form is also called A Request for Taxpayer Identification Number and Certificate form.
What is Form W-9 used for?
The W-9 data is used to create Form 1099. A 1099 form includes information on any income that might be received from the TIN holder but would not normally be listed on a W-2 form. This includes earnings received as part of a contract, certain real property transactions, dividends from investment, and other financial transactions.
Are you an independent contractor or employee?
Employers will withhold income taxes as well as withhold and pay Social Security, Medicare, and unemployment taxes on employees. If you’re an independent contractor, it isn’t. That means you’ll be responsible for the employer’s portion of Social Security and Medicare taxes however you will not be eligible for unemployment compensation if you are laid off.
Do I have to fill out Form W-9?
Yes. If you decline to respond to a legitimate request, your client will withhold taxes from your wages at a rate of 24%.10 The accounting department might also find you a pain and advise your contact to refuse to engage in further business with you. The IRS has a strict requirement for businesses to collect the W-9 form completed from any person they pay more than $600 per year. Failure to comply can result in penalties.
If you believe the person who is requesting the form has no business making the request, but refusing is likely to be the best option. Talk to a tax expert if you have questions.
The Bottom Line
W-9 forms are used by freelancers (also known as freelancers). It is important to complete the form correctly, but only if it is the correct form for submission and the request is granted. Blank Printable W9 Form