In the next section, you select your tax classification. Enter your mailing address. Nonresident aliens who do not have Social Security numbers should enter their assigned TIN in this field. Sign and date the form at the bottom. Backup withholding The IRS sometimes requires the person or entity requesting the W-9 to withhold a percentage of your earnings and send them to the IRS to pay your federal income taxes.
This is known as "backup withholding. If so, you need to inform the company that you are providing the W-9 to that they need to withhold taxes from the money that they pay you.
Submitting Form W-9 Simply return the completed W-9 form to the person or company requesting it. Perfect for independent contractors and small businesses Find more tax deductions so you can keep more of the money you earn with TurboTax Self-Employed. State additional. Looking for more information?
Get more with these free tax calculators and money-finding tools. Stimulus Check Calculator See if you qualify for a third stimulus check and how much you can expect Get started. There's also no guarantee that the recipient will store the form securely even if you send it securely, so you might want to ask about that in advance. If you're a sole proprietor, it probably isn't. If it's a corporation, it could be, if it qualifies for IRS tax-exempt status. If you are a sole proprietor, you can enter either one.
Failure to comply can result in fines. If you think the person requesting the form has no business asking for it, though, refusal is probably a good idea. If you're concerned, ask a tax professional what you should do. A bank, a brokerage firm, a lending institution that has canceled a debt you owe, or the issuer of a prize you have won all might ask. If you receive an email saying you won a prize for a contest you don't recall entering, you may not want to give that person a W Beware of W-9 phishing scams.
If you receive an email request for a Form W-9 and you're not sure it's legitimate, contact the supposed sender by phone and don't use any phone number in the suspicious email to ask if the request is valid. Attackers are sophisticated and can make a message look like it came from your bank or even your client. And if you get an email from the IRS, it's definitely a phishing attempt, and you should forward the email to phishing irs.
The IRS doesn't initiate contact with taxpayers via email. W-9 forms are for independent contractors, also called freelancers. It's important to fill out the form correctly—but only if you're sure it's the right form to submit and the request is legit. Internal Revenue Service.
Accessed Feb. Income Tax. Social Security. Small Business Taxes. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content.
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The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice.
Skip To Main Content. Who is a "U. When do I use a Form W-9? What is included on a Form W-9? What happens if a W-9 is not filled out?
Perfect for independent contractors and small businesses Find more tax deductions so you can keep more of the money you earn with TurboTax Self-Employed.
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