What is a W-9 form used for?

Answer by  technogeek (6640)

The W-9 form is the Request for Taxpayer Identification Number and Certification. That number is for vendors who will receive payments from a company's accounts payable department or will be conducting business and being paid for that business. A new vendor with a company will have to fill out that form in order to be paid for their work.

Answer by  Chaneygirl (1755)

Form W-9 is for acquiring a taxpayer's social security number when it is required for reporting income. It may be requested for doing self employment work, interest, investment income and real estate transactions. If it is not returned the company requesting it is required to withhold income taxes from the income.

Answer by  Kurt (4579)

A W 9 form is the proof that the taxpayer has of the tax information ( name, social security number, address, etc ) that the taxpayer uses to issue 1099 forms to entities that receive payments over a certain dollar amount in a calendar year. You should keep those W 9 forms in a file for your records.

Answer by  EarlOfSandwich (177)

IRS form W-9 is used to report one's taxpayer ID to a person requesting it who has paid you income and needs to report that payment to the IRS.

Answer by  MarkWatrous (729)

Fill out this form so you can receive your 1099 Form at the end of the year. The W-9 collects tax information about you as an independent contractor.