Usually W 9 form is being given to independent contractor. It’s employer’s responsibility to ensure that it’s completed by all freelancers hired, who have an income above 600 dollars a year. In case data stated in the blank is wrong or freelancer is not filling the form at all — responsibility for those actions may reflect on both sides. It’s not a good sign if questions such as where do I get a W 9 form are waiting to be solved someday.
There are multiple online platforms, including IRS official site, where you can download cutting-edge PDF blank. Also, it’s possible to review the form before filling it out. It might be important for several purposes:
- Printable version has to be verified with digital one.
- Individual get’s to know what he or she is certifying with signature.
- All the important data about Backup Withholding, FATCA reporting and Penalties is stated on the digital version as well, you can read it after the core part of the blank.
- Additional statements include description on what other document require W9 use (1099-S, 1099-K, 1099-INT,1099-MISC, 1099-DIV, 1098, 1098-E, 1098-T, 1099-C, 1099-A, ect.).
Digital version is more preferred since computer era allows sharing completed documents without constant use of fax.
It’s never been so easy to calculate the income received from the payer. Freelancer’s wage may include recompense for services provided as an independent contractor, receiving interest or dividend benefit. Usually services that give access to free PDF download have withholding calculator. Tax received as a result must be withheld from contractor’s W-9 income.