Who Gets W9 Tax Forms – Giving correct information on w9s helps with tax reporting and avoids penalties. Its primary purpose is to confirm the identity (e.g., full name, address, taxpayer identification details) of a person receiving income from another person (the requesting entity). Income tax return requirements, tax identification numbers, and internal revenue service forms can get complicated quickly, especially if your business hires independent contractors or other nonemployees. You will need to add this information to your tax return when you file your taxes.
It is not used to collect taxes.
Who Gets W9 Tax Forms
Who Gets W9 Tax Forms
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