Form W-9 is a crucial IRS document used to gather taxpayer information, essential for various financial transactions and tax reporting.
Businesses, independent contractors, and financial institutions utilize Form W-9 to collect vital information such as names, addresses, and taxpayer identification numbers
The form is essential in real estate transactions, backup withholding scenarios, and situations involving interest, dividend income, and miscellaneous payments.
To fill out Form W-9, individuals need to download the latest version from the IRS website.
Independent contractors, businesses, financial institutions, and real estate corporations are among those required to complete the W-9 form.