answersLogoWhite

0

Form W9 is a request for taxpayer id #, which can be the social security # for an individual or a federal employer id # (FEIN) for a company. It also certifies whether or not you are exempt from backup withholding to the entity that is making payment to you. This form helps clarify your tax status and whether or not you should receive a 1099 Misc for payments made to you for services.

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Accounting

What is the purpose of a w-9 form?

A W-9 form is filled out by a contract employees. Contract employees are responsible for paying self employment taxes. Employers only have to report how much money has been paid to an employee.


Where do you get a w-9 form?

You can download a W-9 form here: http://www.irs.gov/pub/irs-pdf/fw9.pdf This form can be filled in before printing, or printed as a blank.


Can you fill out a w-9 form if you do not have a tax payer id?

If you do not have a number How to get a TIN on page 3 of the instruction for the W-9 form. If you do not have a TIN, apply for one immediately.Use the FORM W-7 to apply for and get a ITIN individual taxpayer identification number if you do NOT have one and you do NOT qualify for a social security number (TIN).If you are asked to complete Form W-9 but do not have a TIN, write "Applied For" in the space for the TIN, sign and date the form, and give it to the requester.Go to the IRS gov website and use the search box for W-7 and W-9 if you need to see the instruction and get any forms.


What is a w-9 form?

The W-9 is an IRS Request For Taxpayer Identification Number form. A company making payments to a person/company may be required to file an IRS information return (such as a form 1099) about those payments. In order to complete that return, they need to know the recipients federal taxpayer number. So the company making the payments sends a W-9 to the person receiving the payments. That person completes the W-9 and returns it to the company.


What is the purpose of a W-9?

If someone needs to file an information return with the IRS (say for earnings or other taxable payments made to you), they use a W-9 to acquire your taxpayer number to be used on the information return.

Related Questions

What is the purpose of providing a W-9 form and account number?

The purpose of providing a W-9 form and account number is to verify your identity and provide necessary information for tax reporting purposes.


Where can I download a W-9 form?

Where can I download a W-9 form?


What is the purpose of a w-9 form?

A W-9 form is filled out by a contract employees. Contract employees are responsible for paying self employment taxes. Employers only have to report how much money has been paid to an employee.


What is the purpose of providing the W-9 line 7 account number on the form?

The purpose of providing the account number on line 7 of the W-9 form is to ensure that payments made to the individual or business are correctly attributed to the correct account for tax reporting and record-keeping purposes.


What is the factored form of the expression w - 9?

w - 9 is in its simplest form.


Where do you get a w-9 form?

You can download a W-9 form here: http://www.irs.gov/pub/irs-pdf/fw9.pdf This form can be filled in before printing, or printed as a blank.


What is the difference between a W-4 and a W-9 form?

A W-4 form is used by employees to indicate how much tax should be withheld from their paychecks, while a W-9 form is used by independent contractors to provide their taxpayer identification number to clients who will be reporting their payments to the IRS.


Does an s-corp need to fill out a w-9?

An S-Corp will need to fill out a W-9 form if another company is requesting the form to make payment to the company. The W-9 form provides the S-Corp legal name, address, and tax id number for tax purposes.


What do insurance adjusters request a w-9 form for.?

Insurance adjusters request a w-9 form to verify social security or?ætaxpayer identification numbers to help file returns with the IRS. The w-9 form is also used?æby insurance adjusters to help the payee?æavoid backup withholding.


What form must an employee complete when beginning a new job?

Form W-4 and Form I-9


Can you fill out a w-9 form if you do not have a tax payer id?

If you do not have a number How to get a TIN on page 3 of the instruction for the W-9 form. If you do not have a TIN, apply for one immediately.Use the FORM W-7 to apply for and get a ITIN individual taxpayer identification number if you do NOT have one and you do NOT qualify for a social security number (TIN).If you are asked to complete Form W-9 but do not have a TIN, write "Applied For" in the space for the TIN, sign and date the form, and give it to the requester.Go to the IRS gov website and use the search box for W-7 and W-9 if you need to see the instruction and get any forms.


Do you have to fill out a new W9 form annually?

No, you do not have to fill out a new W-9 form annually.