How Long Does A W9 Form Last

How Long Does A W9 Form Last – Unlike some other tax forms that may require periodic renewals, a w9 remains. You can see the revision date which refers to the date that the form was renewed by the internal revenue service. This form serves as a guideline and gives the employer the information needed to fill out a form 1099 at the end of the year. Maybe your service provider changed their name or your business changed its taxpayer id.

For as long as the account is active and a minimum of three years from the date the account was opened. This is one of the reasons why form w9 doesn't have a designated year on the top right corner. Three years is the statute of limitations in which the irs has to begin an audit, which may include review of your tax returns and informational returns and supporting records. The simple and straightforward answer to this frequently asked question is **no**, a w9 form does not have an expiration date.

The information entered on the form is sent to the irs to document payments the business has made to freelancers, independent contractors and vendors that were paid more than $600 for services performed over the course of a calendar year. Once collected, the vendor legal name and tax id are verified against irs records, and the address on the form is recorded as the tax address (in some accounting systems or erps) where the applicable 1099 will be sent (if reportable). How long should i keep a completed w9 form for my records?

The form requires an individual to provide their name, address, tax qualification, and withholding requirements.

How to Сomplete an IRS Form W9 2023? pdfFiller Blog