W-9

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W-9

A form used to certify a shareholder's social security or tax identification number as true and correct, in order to avoid federal tax withholding.

W-9

A form filed with the IRS stating a person or company's Social Security number or Tax Identification Number, and listing all the income that the filer has paid to the person or company he/she regard. This income may be ordinary income, dividends, or something else. The W-9 form states that the person or company is not subject to withholding. That is, it states that the party making payments is not responsible for withholding income for taxes, and places the onus on the person or company the form regards. W-9 forms are frequently used for independent contractors.
References in periodicals archive ?
Ramsey said that employer identification number, or EIN, belongs to the Eugene Sister Cities Foundation, which is the EIN the Eugene/Kathmandu Sister City Association always has used on various tax forms, such as W-9s.
Also take time to review all of your contractor agreements from the beginning of the year to the present date to confirm that you have W-9s and reseller permits for all of them.
Finomial's platform for automating investor subscriptions includes electronic W-9s and W-8s; anti-money laundering (AML); Know Your Customer (KYC); compliance with Massachusetts 201 CR-17 and Dodd-Frank for investor data privacy; and the IRS FATCA regulations, which go into effect January 1, 2014.
Following up on errors is just as easy, with the software generating new W-9s for collecting the correct information.
While the new requirements won't change much in the way of accounting software, if a nonprofit has the ability to scan documents, like W-9s and 1099s, it will make their lives a lot easier, according to Steve Glauber, senior systems engineer with Serenic Software.
By outsourcing the process, apartment firms gain a trained staff of data entry and customer service representatives who ably obtain and monitor current Certificates of Insurance (COIs) and W-9s and perform background checks on principals and employees.
Additionally, you can add a "compliments of your firm" message to the top of W-4s, W-9s, and other government documents.
Make sure the system will allow you to automatically create Internal Revenue Service 1099s and W-9s for everyone who is required to receive these forms.
Explain how not getting W-9s can cost your firm more than you think
IRS's Taxpayer Identification Number Resources -- Links to matching service and answers to questions about TINs, W-9s, W-8s and other numbers and forms related to filing 1099-MISC.
document capture and management for key documents such as IRS Form W-9s, insurance and diversity certifications, marketing collateral and more
Verify that W-9 forms have been received for independent contractors and send additional requests for any W-9s not received.