W9 Form Printable New York

W9 Form Printable New YorkA Internal Revenue Service tax form called a W-9 can be used to verify the address and name of the person. The confirmation can be requested from an individual identified as a U.S. citizen or a one who is considered to be a resident or an alien. A W-9 form is also known as a Request for Taxpayer Identification Number and the Certification form.

2014 Form NY Substitute W 9 Fill Online Printable

What does Form W-9 serve for?

The data gathered from W-9 forms is frequently used to create an alternative version of Form 1099. Form 1099 provides information regarding the income earned from the TIN holder which is not usually listed on a W-2. This includes income received as part of a deal, certain real estate transactions, dividends paid against investments, as well as other financial transactions.

Independent Contractor or Employee?

Employers can withhold tax on income and withhold and pay Social Security, Medicare, and unemployment taxes to employees. You won’t have to pay if you’re an independent contractor. This means that your employer is responsible for Social Security and Medicare taxes. If you’re laid off, you won’t be eligible for unemployment compensation.

Do I have to sign Form W-9

Sure. If you do not respond to a legitimate request your client will withhold taxes from your pay at the rate of 24%.10 The accounting department could also consider you a hassle and notify your contact to not do further business with you. The IRS is obligated to businesses to obtain W-9 forms that are completed from each person who pays at least $600 in the year. Failure to comply can be a cause for fines.

Refusing to complete the form is a best option if the person who requested the form is not legally entitled to making the request. Contact a tax professional should you have any questions.

The Bottom Line

W-9 forms are used by freelancers (also called freelancers). It’s crucial to fill in the correct form, but only if you’re certain it’s the proper form to be submitted and that your application is legitimate. W9 Form Printable New York

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