How To Fill Out The W9 Form

How To Fill Out The W9 Form – The form is also relevant for corporations, partnerships, and trusts in cases involving investment income or dividends. Print the full name that will show on their tax return.review it for typos to prevent having to request a revised form 1099 at tax time. Still, it's important to fill it out correctly to avoid backup withholding and other penalties, including a $50 penalty from the irs for failure to provide a correct tin. Line 1 asks for a name.

Check the box that most accurately describes their type of business. Certify that you are not subject to backup withholding; Here are three steps for how. If in doubt, the most likely response is individual or sole proprietor.

Claim exemption from backup withholding if you are a u.s. In addition, reading the instructions on the form carefully can enable you to record the correct information in the right locations and complete the document efficiently. If there's a business name, include the legal name as well.

The form is an agreement that you will handle your own income taxes. We break things down below. Acquisition or loss of secure property;

IRS W9 Form Office of Academic Appointments and Internships