IRS Form W9

Posted by Jill on February 9, 2014

IRS Form W9 is similar to the Form W-4 that is used for employees, but does not lead to withholding.

What is a W9 Form?

Form W-9 is used to request a tax identification number and other information that can later be used to populate tax forms such as 1099s.

When do you Use a W9 Form?

Business Owners and other people who hire independent contractors use the Form W-9 to collect the contractor’s information. Independent contractors who are US Citizens or resident aliens fill out a Form W-9, while others may fill out a Form W-8. The IRS W9 is also used to collect information from trusts, estates and corporations who receive income from a business.

Typically business owners distribute W-9 Forms when they expect to pay out more than $600 in freelance income, thus requiring them to file a 1099 with the IRS.

Financial institutions may also request the completion of Form W-9, and you may have to fill out an IRS Form W9 for mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt or contributions to an IRA.

Requesting a Form W9

If you need someone to fill out a Form W-9, you may download the Form w9 pdf and send it to them or have them download it and send it back to you. The business owner/employer who requests the form does not have to submit it to the IRS unless the IRS requests it. However, you should keep all completed Form W-9s on file in case that request comes.

How to Fill Out a W-9

  1. Download the 2013 W9 form from the IRS. Check the appropriate box for your classification. Individuals serving as independent contractors should check individual/sole proprietor.
  2. Check the box if you are an exempt payee (exempt from backup withholding)
  3. Fill out your address
  4. Fill out your Tax ID number. For individuals this is your Social Security number. For businesses it is your Employer Identification Number. For trusts or estates it could be a different number provided by the IRS.
  5. Read the certification and sign the Form W-9.
  6. Submit the Form W-9 to the person or business that requested it.

IRS Resources



Get your biggest tax refund, guaranteed. Plus FREE Expert Tax Advice. File your Federal tax return for FREE today with TurboTax!




You can get my latest articles full of valuable tips and other information delivered directly to your email for free simply by entering your email address below. Your address will never be sold or used for spam and you can unsubscribe at any time.

Email:

Leave a Reply

Your email address will not be published. Required fields are marked *



Previous article: «
Next article: »