Who Is W9 Form For

Who Is W9 Form For – Providing a correct taxpayer identification number is important — it helps the irs determine who the taxpayer is. Who must fill it out: This form is necessary for accurate reporting of payments a business made to the vendor, contractor, or business. Some tin examples include a social security number (ssn), employer identification number (ein), and individual taxpayer.

Independent contractors, freelancers, and businesses working with them must complete this form.it is also used in certain financial transactions. Includes providing personal or business tax identification. But because you're not sending it to the irs, you need to be careful about who exactly you send it to. The irs uses a w9 to match revenue that recipients.

The purpose of a w9 form is to provide an entity that issues taxable payments to a company with the company's federal tax identification number. [2] it requests the name, address, and taxpayer identification information of a taxpayer (in the form of a social security number or employer.

How to complete IRS W9 Form W 9 Form with examples YouTube