When businesses pay a nonemployee, such as a freelancer or independent contractor, $600 or more in a year, they must file Form 1099-NEC, which is filled out using the information on Form W-9.Form ...

IRS Form W-9 is most often used by businesses to collect tax information about contractors the business works with. The information on Form W-9 is used to fill out Forms 1098 and 1099 at tax time.

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.

How to Fill Out a W-9 if You're a Private Contractor. 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.

The Internal Revenue Service (IRS) uses the W-9 form as a precursor to another form. ... freelancer or consultant, you’ll fill out a W-9 form.

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you fills out the 1099. In most cases, you should receive any 1099 form by the ...

Businesses have the subcontractor fill out form W-9 to obtain this information. Companies should keep the W-9 forms for four years, as they may need them at a later date, states the IRS.

ROCK HILL, SC / ACCESSWIRE / October 30, 2023 / Form W-9 is a crucial, yet often overlooked IRS tax document. While this form is not actually filed with the IRS, it is a great tools for businesses ...

Form W-9 isn’t filed with the IRS; instead, it is used to complete Forms 1099 and 1098. Form W-9 asks taxpayers for their name, taxpayer identification number (TIN), address, and other ...