Why Am I Being Asked To Fill A W9 Form – Why fill out form w9? Why am i being asked to provide a w9? The form requires an individual to provide their name, address, tax qualification, and withholding requirements. So if you refuse to.
This form is necessary for accurate reporting of payments a business made to the vendor, contractor, or business. But because you're not sending it to the irs, you need to be careful about who exactly you send it to. If you're an independent contractor, an employer of your. If they fail to get one signed, they may have to withhold taxes at 24%.
Why Am I Being Asked To Fill A W9 Form
Why Am I Being Asked To Fill A W9 Form
The document confirms whether the payee is subject to backup withholding. It provides legal certification of the taxpayer's identification number. The form establishes the official tax identity of individuals and businesses receiving payments.
You’ll need to provide your name, address, and taxpayer identification number.
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