Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Using the correct IRS form (W-9 for U.S. persons and W-8BEN for ...
A business is required to obtain a taxpayer identification number (TIN) from any vendor to whom it makes payments that require the issuance of a Form 1099-MISC. A Form W-9 facilitates obtaining this ...
As a small-business owner, if you contract to perform services, you must fill out a Form W-9 for each person with whom you contract. Your client will use this form when accounting for payments made to ...
Kelly Phillips Erb is a Forbes senior writer who covers tax. You should be fine. Here's why. A form W-9 is used to provide your taxpayer identification number (such as your Social Security Number (SSN ...
IRS forms W-8 and W-9 serve distinct purposes in the tax system and are used by different groups to fulfill their tax obligations. A W-8 form is typically required ...
ROCK HILL, SC / ACCESSWIRE / April 6, 2023 / Requesting and gathering information from vendors and independent contractors is a crucial part of a business's IRS filing process. However, it is a part ...
A W-9 is an IRS form that independent contractors fill out to give businesses their tax ID number and personal information. Many, or all, of the products featured on this page are from our advertising ...
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Form W-9 collects taxpayer ID for reporting income such as dividends and interest. W-9 income isn't initially withheld; payees must report and pay taxes themselves. Backup withholding at 28% applies ...