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People also ask
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What is a w9 form used for?
Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example: Income paid to you. Real estate transactions. Mortgage interest you paid.
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Do I have to pay taxes if I fill out a w9?
Yes, you will have to pay taxes if you fill out a W-9 form. However, the IRS and your employer usually won't withhold taxes from W-9 earnings.
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Who needs to complete a W-9 form?
You will need to fill out a W-9 form if you: Classify yourself as an independent contractor or “freelancer.” Are not a full-time employee of the business. Will be paid more than $600 for work provided to the business.
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Where do I find my W-9 form?
The W-9 can be downloaded from the IRS website, and the business must then provide a completed W-9 to every employer it works for to verify its EIN for reporting purposes.
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