W9 Form Printable North Dakota – A Internal Revenue Service tax form called a W-9 is used to verify the identity of a person’s address and name. It is possible to request confirmation by a person who is defined as a U.S. citizen or a one who is considered to be a resident alien. A W-9 form can also be known as the Request for Taxpayer Identification Number and Certificate form.
What’s the purpose of Form W-9? to do?
Most of the time, the W-9 information is used to make Form 1099. A 1099 form includes information regarding any income that could be received by the TIN holder that could not be reported on the W-2 form. This could include income earned as part of a contract, real estate transactions, dividends paid against investment, and other financial transactions.
Are you an employee or an independent contractor?
Employers withhold taxes on income and also withhold Social Security, Medicare, and unemployment taxes on employees. However, this won’t be the case if your are an independent contractor. That means the employer will be responsible for Social Security and Medicare taxes. If you’re laid off, you won’t be eligible for unemployment compensation.
Can I choose not to sign Form W-9?
Yes. Yes. The IRS is obligated to companies to request an official form W-9 from any person they pay more than $600 during the year. You may be subject to fines if you fail to comply.
Refusing to complete the form is a sensible option if you believe the requester isn’t qualified for making the request. If you’re worried, you can ask a tax professional about what you can do.
The Bottom Line
Forms for W-9 can be utilized by independent contractors (also known as freelancers). It is important to complete the form correctly, however, only if it is the right form to fill out and the request has been granted. W9 Form Printable North Dakota