Complete Form W-9 Online for Free

Form W-9, Request for Taxpayer Identification Number and Certification, is used by businesses and individuals to request the Taxpayer Identification Number (TIN) and other information from individuals or entities (such as independent contractors) that they will be making payments to. Here are step-by-step instructions on how to complete Form W-9: **Step 1: Download Form W-9** You can download Form W-9 directly from the IRS website or obtain it from your payer. **Step 2: Provide Your Name and Business Name (if applicable)** Enter your legal name as it appears on your tax return. If you're operating a business, you can provide the business name on the "Business name/disregarded entity name, if different from above" line. **Step 3: Provide Your TIN** Enter your TIN, which can be your Social Security Number (SSN) or Employer Identification Number (EIN). If you're an individual, your SSN is usually used. If you're a business, you would use your EIN. **Step 4: Choose Your Tax Classification** Check the appropriate box that represents your federal tax classification. This will usually be: - Individual/sole proprietor - Limited Liability Company (LLC) - C Corporation - S Corporation - Partnership - Trust/estate **Step 5: Exemptions** If you are exempt from backup withholding, you can enter your exemption code in Part II. Refer to the IRS instructions for a list of exemption codes. **Step 6: Provide Your Address** Enter your mailing address in the designated fields. **Step 7: Certification** Sign and date the form to certify that the TIN you provided is correct and that you are not subject to backup withholding due to underreporting of interest and dividends. If applicable, cross out item 2 in the certification area. **Step 8: Return the Form** Return the completed Form W-9 to the requester. They will use the information you provided to generate Form 1099 for tax reporting purposes. **Step 9: Keep a Copy** Make a copy of the completed Form W-9 for your records. **Important Notes:** - If you receive a Form W-9 from someone requesting your information, provide accurate and truthful information to ensure proper tax reporting. - If the information you provided on the Form W-9 changes (such as your name or TIN), you are required to notify the requester within 30 days of the change. - The information you provide on Form W-9 helps the requester determine if they need to report payments to you and if they are required to withhold backup withholding. It's essential to accurately complete Form W-9, as incorrect or missing information can lead to reporting and withholding issues. If you have any doubts or questions about Form W-9, consult a tax professional or refer to the IRS instructions for the form.

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This blob was posted on 08-11-2023 it has 141 👀