Learn what a W-9 Form does
The W-9 form is a tax document used by businesses to collect taxpayer information from freelancers, independent contractors, and vendors for accurate tax reporting. Providing incorrect or incomplete information can lead to IRS penalties or 24% backup withholding. The form requires details such as your legal name, tax classification, and Taxpayer Identification Number (TIN). Common mistakes include using the wrong name, failing to provide a TIN, or forgetting to sign the form. If you're unsure how to fill it out correctly, a tax professional can help ensure compliance. Taxfyle connects you with experts to handle your tax paperwork accurately.
