When a business hires an independent contractor and pays them a total of $600 or more annually, the IRS requires the business to submit Form 1099. In order to collect the contractor’s information to ...

When a business hires an independent contractor and pays him a total of $600 or more annually, the Internal Revenue Service requires the business to submit Form 1099. In order to collect the ...

IRS forms W-8 and W-9 serve distinct purposes in the tax system and are used by different groups to fulfill their tax obligations. A W-8 form is typically required ...

Businesses that hire independent contractors have an obligation to report wages to the IRS on a 1099 form. However, prior to filing the 1099, the business must request that the contractor provide his ...

Many small businesses use form W-9 in the regular course of business as dictated by Internal Revenue Service regulations. It is one of a family of forms used to track wage payments and is similar to ...

A W-9 is an IRS form that independent contractors fill out to give businesses their tax ID number and personal information. Many, or all, of the products featured on this page are from our advertising ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Using the correct IRS form (W-9 for U.S. persons and W-8BEN for ...

Form W-9 is needed when earning non-employment income for tax reporting purposes. A proper W-9 must include TIN, your name, tax classification, and address, signed under oath. Provide W-9 forms safely ...

Payments you receive from third-party payers such as business clients and your investment broker usually get reported to the IRS. These payers might ask you to fill out a W-9 form to help facilitate ...