Forms Related to W-9
- 22 December 2022
The W-9 form is a tax document used in the United States to provide a taxpayer identification number (TIN) to a requesting party, typically an employer or payer. The requesting party will use the TIN to report income or other tax-related information to the Internal Revenue Service (IRS).
There are several versions of the W-9 form, including the standard form, the Spanish version, and the form for exempt payees.
The standard W-9 form is used by individuals, sole proprietors, partnerships, and corporations to provide their TIN to a requesting party. For individuals, the TIN is typically their social security number. For businesses, the TIN is typically their employer identification number (EIN). The standard W-9 form also includes a section for the taxpayer to certify that the TIN provided is correct and that they are not subject to backup withholding.
The Spanish version of the W-9 form is the same as the standard form, but it is translated into Spanish for the convenience of Spanish-speaking taxpayers.
The W-9 form for exempt payees is used by taxpayers who are exempt from backup withholding. This form is similar to the standard W-9 form, but it includes an additional section for the taxpayer to certify their exempt status.
Examples of people who may need to fill out a W-9 form include independent contractors, freelancers, and business owners. These individuals may need to provide their TIN to a requesting party to receive payment for services rendered or to report income on their tax return.
In addition to the W-9 form, there are several related forms that may be used in conjunction with the W-9 form. One such form is the W-8BEN form, which is used by foreign individuals or entities to provide their TIN and certify their foreign status. Another related form is the W-8BEN-E form, which is used by foreign entities to provide their TIN and certify their foreign status for purposes of establishing a claim for reduced withholding.
Overall, the W-9 form is an important tax document that is used to provide a TIN to a requesting party and facilitate the tax reporting process. It is important to accurately complete and submit the form to ensure that the correct information is reported to the IRS.
