Blank W9 Form 2023 – The W-9 form is frequently utilized by the Internal Revenue Service (IRS) as a means of gathering information required by a company or person who will be making payments to another person or company. A common example of when this form is used is when an individual is working as an independent contractor for a business. If you are employed as a contractor or starting work as a freelance professional, the business paying you may request you to complete a W-9 and submit it to them.
A W9 form is a tax document used by the Internal Revenue Service (IRS) in the United States to collect information about people and companies that are paid by other companies. The form, also known as the Request for Taxpayer Identification Number and Certification, is used to get a taxpayer’s identifying information, including their name, address, and tax identification number (TIN).
Since it is used to report payments made to independent professionals, self-employed individuals, and other entities that are not considered employees, the W9 form is important. The information supplied on the form is used to release 1099-MISC forms, which report the earnings made by individuals and businesses who are not considered employees.
The W9 form is relatively simple to fill out. It consists of the following areas:
- Address and name: This area consists of the taxpayer’s name, company name, and address. If the taxpayer is an individual, they need to include their complete name. If the taxpayer is a business, they ought to include the legal name of the business and its address.
- Tax identification number: This section requires the taxpayer to offer their TIN, which can be a social security number (SSN) for individuals or an employer identification number (EIN) for companies.
- Classification: In this section, the taxpayer must say if they are a single person, a corporation, a partnership, a trust, or a limited liability company (LLC).
- Certification: The taxpayer needs to date the form and sign to certify that the details provided are precise.
It is essential to note that the W9 form is not submitted to the IRS. Rather, it is a continuing filing by the business making the payments to the taxpayer. The business must then use the information supplied on the W9 form to issue a 1099-MISC form to the taxpayer at the end of the year.