Why Would I Fill Out A W9 Form

Why Would I Fill Out A W9 Form – Who must fill it out: Indicate your business type (e.g. Tax system and are used at different stages of the payment and reporting process. Independent contractors, freelancers, and businesses working with them must complete this form.it is also used in certain financial transactions.

It's also a good idea to keep a copy of the completed form for your records. Businesses withhold federal and state income taxes, social security taxes, and medicare taxes for their employees and pay the taxes. It helps businesses and banks follow irs rules. Fill out your name and business name (if applicable).

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. As an independent contractor, vendor, freelancer or other individual receiving nonemployee compensation, you typically do not work for the person or.

All about W9 Form What It Is, What It Is Used for, and How to Fill It Out