Why Must I Fill The W9 Form

Why Must I Fill The W9 Form – Who must fill it out: Here are the steps you'll need to follow: Enter your address and contact information. The form must be signed, and the signing taxpayer is subject to civil and/or criminal penalties for willful noncompliance.

The form requires an individual to provide their name, address, tax qualification, and withholding requirements. Includes providing personal or business tax identification. It provides legal certification of the taxpayer's identification number. The document confirms whether the payee is subject to backup withholding.

Why fill out form w9? This form is necessary for accurate reporting of payments a business made to the vendor, contractor, or business. The taxpayer must sign the form under part ii after providing the aforementioned information (certification).

But because you’re not sending it to the irs, you need to be careful about who exactly you send it to. Fill out your name and business name (if applicable). Indicate your business type (e.g., sole proprietor, partnership, llc, etc.).

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.

How to fill out a W9 form stepbystep instructions & tips Blog