W9 Form Printable Wisconsin

W9 Form Printable WisconsinA Internal Revenue Service tax form called a W-9 can be used to verify the address and name of the person. This confirmation can be requested by a person who is defined as an U.S. citizen or a one who is considered to be a resident of another country. Also known as the Request for Taxpayer Identification Number and Certificate Form, the W-9 can be requested.

Wisconsin W9 Form Fill Out And Sign Printable PDF

What is Form W-9 used to do?

The information obtained on the W-9 form is often used to produce an equivalent of Form 1099. The 1099 form contains information regarding income earned from the TIN holder that is not typically listed on a W-2. This could include, but is not limited to, earnings paid to a person through the terms of a contract as well as certain real estate transactions or dividends on an investment; as well as other financial transactions.

Are you an independent contractor or employee?

If you’re an employee, your employer will withhold taxes on your income as well as withhold and pay Social Security and Medicare taxes and also pay unemployment tax on your wages. If you’re an independent contractor it won’t. It means that you’ll have to pay for the employer’s portion of Social Security and Medicare taxes but you won’t be eligible for unemployment benefits in the event of being laid off.

Can I refuse to fill out the Form W-9?

Absolutely. Yes. The IRS has a strict obligation to businesses to obtain a completed form W-9 from every person who has paid more than $600 per year. The failure to comply could result in penalties.

Refusing to fill out the form is a good idea if you feel the requester isn’t qualified for making the request. Contact a tax professional should you have questions.

The Bottom Line

W-9 forms are used by freelancers (also known as freelancers). It’s important to fill out the form correctly, but only when you’re confident that this is the correct form to submit and the demand is genuine. W9 Form Printable Wisconsin

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