Get Ny Substitute W-9 2014

After they are completed, your vendors', freelancers' and contractors' W-9 forms do not expire. However, the IRS requires them to be replaced when specific information is changed, including changes in names, type of business entity or a taxpayer ID number.

Some companies require you to submit an updated W-9 form, Request for Taxpayer Identification Number and Certification, each year, but most do not. Independent contractors face the possibility of filing a W-9 form annually to keep the contract's records current, but it is not always necessary.

IRS Form W-9 is most commonly used by individuals when they are working as a freelancer or independent contractor. If you ever find yourself filling out a Form W-9, it generally means that a business or person who is paying you money needs your Social Security number so it can notify the IRS of the amount.

A. Forms W-9 do not expire. You are required to get new Forms W-9 from vendors who have appeared for the first time in three calendar years on an IRS "B Notice" list (see Pub. 1281) or on an IRS roposed penalty notice (see Pub. 1586), or when the vendor tells you information has changed.

In general, income that results from a W-9 arrangement is not subject to IRS withholding. Rather, it is the payee's responsibility to claim the income on his or her tax return, and to pay any appropriate taxes.

In addition, since the IRS has three years from the date you filed the Form 1099 to begin an audit that will include your tax information reporting records, you should keep the W-9 for three years following the last tax year in which a Form 1099 was filed for that vendor or accountholder.

Form W-9 (officially, the "Request for Taxpayer Identification Number and Certification") is used in the United States income tax system by a third party who must file an information return with the Internal Revenue Service (IRS). ... The information on the Form W-9 and the payment made are reported on a Form 1099.

Businesses use IRS Form W-9, Request for Taxpayer Identification Number and Certification, to get information from vendors they hire as independent contractors (also called freelancers). ... Businesses do not send Form W-9 to the IRS.

The purpose of form W9 is to provide your US tax ID, aka TIN: Taxpayer Identification Number, to the person, including a financial institution, who needs to report certain information about you, such as income paid to you, contributions to IRAs made by you, interest, dividends and capital gains earned by you, certain ...

Form W-9 (or an acceptable substitute) is used by persons required to file information returns with the IRS to get the payee's (or other person's) correct name and TIN. ... Individuals who have an ITIN must provide it on Form W-9.

IRS Form W-9 is most commonly used by individuals when they are working as a freelancer or independent contractor. If you ever find yourself filling out a Form W-9, it generally means that a business or person who is paying you money needs your Social Security number so it can notify the IRS of the amount.

Some companies require you to submit an updated W-9 form, Request for Taxpayer Identification Number and Certification, each year, but most do not. Independent contractors face the possibility of filing a W-9 form annually to keep the contract's records current, but it is not always necessary.

Because of these difficulties it is best practice to ALWAYS request a Form W9 from every vendor you work with. This form asks for the companies' legal business name, organization type, and Tax ID. All of this information is required on the 1099 form. Without it, preparing your 1099 form (s) becomes difficult.

When it comes to taxes, IRS rules vary among various types of business entities. Take Form W-9, Request for Taxpayer Identification Number and Certification, for example. ... The W-9 has an area for your signature, but the IRS does not require you to sign the form if your company is a corporation.

Filling out Form W-9 Just provide your name on line 1, and your Social Security number in Part I. Your name should match the one that appears on your tax return. Enter your address on lines 5 and 6. Use the address on your tax return if your business address is different from your home address.