Request for Taxpayer Identification Number and Certification or W-9 form is applicable to independent contractors working for a company. Penalties in the form of a fine or jail sentence can be imposed on him if he is found to be intentionally lying on the tax form. He is certifying that the statements provided by him are true, under penalties of perjury.

Here the person swears that he is providing the correct information before he signs the form W-9. Part II – It is related to certification. Part I – Here a person has to provide his business’s tax identification number, which will either be his individual Social Security Number if he has a sole proprietorship, or his employer identification number (EIN), if he has another kind of business.

The W-9 form consists of Part I and Part II: In case they are not exempted, the company hiring the independent contractor will have to withhold income tax from the payment made to the contractor at a flat rate of 28% and send it to the IRS. The contractor filling out the form W-9 has to certify that he or she is exempted from the backup withholding. The name, address and Social Security or tax identification number provided in the form W-9 by the independent contractors is used by the businesses to complete the form 1099-MISC. Companies hiring independent contractors or freelancers use the W-9 form for getting information from the contractors.Ī business paying an independent contractor $600 or more during the course of a tax year needs to report the payments made by it to the IRS on an information return called form 1099-MISC. The W-9 form is officially called 'Request for Taxpayer Identification Number and Certification'. All forms are printable and downloadable. Once completed you can sign your fillable form or send for signing. Use Fill to complete blank online IRS pdf forms for free. Fill Online, Printable, Fillable, Blank W-9 October 2018 (Latest version) Form

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