Request for Taxpayer Identification Number and Certification or commonly known in accounting as the W9 is a simple tax form that provides requesters with the requested individual and businesses’ taxpayer identification number.
Because the IRS requires individuals and businesses to file information returns reporting the income paid, often a W9 is needed to fulfill this obligation. Think of it this way – you paid a nonemployee, and you need to fill out a 1099-NEC. If you don’t have the personal information of an individual, how can you file a complete form and furnish a copy? That’s where Form W9 comes in, as it provides the personal information along with the correct taxpayer identification number.
On Form W9, it’s expected to enter the following so that it has every information needed to fill out an information return accurately.
- Full Name
- Tax Classification
- Taxpayer Identification Number
The above is what must be entered on the W9. It’s as simple as that.
How to fill out an online copy of Form W-9?
Form W9 is relatively easy to file, but filling out an electronic copy might get tricky fast. Often, there are services where you’re expected to pay to fill out an online copy of the form.
It doesn’t have to be this way though. Our PDF Filer can be a quick fix to your solution as you can fill out hundreds of tax forms easily without the hustle and bustle of these services. The best part about it is that it’s all free and you won’t pay anything for it. Start filling out Form W9 immediately on your browser by clicking the Get Form button above.
Is there a new Form W-9 for 2022?
The Internal Revenue Service renews tax forms, but these changes don’t come every year. Form W9 is a great example of this as it’s not a tax form that gets to renewed every year. When you’re getting a Form W9 in your hands, take a look at the top left corner and see when the form was updated. Even if there is a new Form W9 for the tax year, you can use the previous version of the W9, except as otherwise stated.
Am I exempt from providing a W9?
There are certain cases of Form W9 where the requested individual or the business may be exempt from filing. Make sure to enter your exemption payee code or the exemption from the FATCA reporting code, when applicable.
How can I enter ITIN on Form W9?
Entering an Individual Taxpayer Identification Number on Form W9 isn’t something you’re going to do as it’s only for US persons, meaning citizens and legal residents. As a noncitizen, rather than filling out a W9, fill out Form W-8 even when you’re requested to file contrarily.
Why was I requested to file Form W9?
The most common reasons for a request to file Form W9 include self-employment income. When you’re working as a freelancer or an independent contractor, your payers are required to file a different kind of information return than the W2. For the information returns to be filed with you, a W9 is a must. Without it, the payer won’t be able to file it, therefore, you won’t be able to report the income you earned.