Printable W9 2023 Form

What is the purpose of Printable Form W-9?

The W9 form is used by a business to request information about a vendor or contractor. The W9 form is also called the Request for Taxpayer Identification Number and Certification form. The IRS provides the form, and it is used by both individuals and businesses.

Who needs to complete Form W-9?

Any independent contractor, freelance worker, or vendor that a company hires or works with should fill out Form W-9. This provides the business with the necessary information for filing a Form 1099 on behalf of the contractor/vendor.

A client, bank, or other financial institution will almost likely request that you complete Form W-9. You are not required to file this form with the IRS; return it to the requester and retain a copy. A few examples of these payments include

• Income paid to the vendors
• Real estate Transactions
• Mortgage interest you paid
• Acquisition or abandonment of secured property
• Cancellation of debt
• Contributions you made to an IRA

What information is needed to complete Form W-9?

The W9 form is very easy and simple to fill in. Some basic information required on W-9 is:

• Name
• Address
• Tax Identification Number(TIN)
• Federal tax classification and/ or any applicable exemption codes

 

Information required on a W-9 form to fill out Form W-9

Form W-9 is a simple form to fill out and submit to the payer who requested it.

• Line 1 – Name
• Line 2 – Business name.
• Line 3 – Federal Tax Classification – Based on your business type
• Line 4 – Enter the required codes on the appropriate line, if you are exempted from Backup withholding & FATCA Reporting
• Line 5 & 6 – Address, city, state, and ZIP code.
• Line 7 – Account number
• Part I -Taxpayer Identification Number (TIN)
• Part II – Certification – signature and date.