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  1. W-9: What It Is, How to Fill It Out - NerdWallet

    Web4 days ago · A W-9 is an IRS form that independent contractors and certain individuals fill out to give businesses and other entities their tax ID number and personal information.

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  3. People also ask
    At the end of the year, businesses are expected to tally up their payments to W-9 workers and report them to the IRS and the contractors, usually on Form 1099-NEC. The principal piece of information that businesses collect on a Form W-9 is the tax identification of whomever they’re paying.
    Form W-9 is an IRS document that businesses use to collect a person's tax identification number (TIN). Independent contractors who were paid at least $600 during the year need to fill out a W-9. There are a few other situations in which a business may request a completed Form W-9.
    It's just $50. What Is a W-9? Definition and Who Fills It Out Independent contractors fill out form W-9 to provide correct tax ID numbers to businesses that pay them at least $600 during the year. Many or all of the products featured here are from our partners who compensate us.
    The revised W-9 adds a new line 3b for those who choose "partnership" or "trust/estate," asking them to indicate whether the partnership, trust or estate has foreign partners, beneficiaries or owners. With NerdWallet Taxes powered by Column Tax, registered NerdWallet members pay one fee, regardless of your tax situation.
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