![]() ![]() ![]() The employer must also send a copy of the 1099-MISC form to the IRS to report their payments.įull name: Make sure you share your full legal name so all parties record your information accurately. If the employer pays you more than $600 throughout the tax year, they use your W-9 information to complete a Form 1099-MISC that they send to you with the total amount they paid you. You would complete this tax form to share your tax information with the employer you're working within this capacity. Related: Understanding the W-2 Form What is a W-9?Ī W-9, or Request for Taxpayer Identification Number and Certification, is an IRS form you may need to fill out if you're a freelancer, self-employed or do contract work for a company. If you do not fill out your W-4 correctly or you don't withhold enough taxes throughout the year, you may owe more taxes to the IRS at the end of the year. While filling out the W-4 form at the beginning of employment, you can choose to withhold more money than required so you have more of a chance of getting a tax refund at the end of the year. ![]() It's the employee's responsibility to fill out this form accurately and completely so the employer can withhold the appropriate amount of taxes, which is usually based on the allowances you have. This form informs your employer of your tax obligations so they know how much money they should withhold from your paychecks throughout the year. What is a W-4?Ī W-4, or Employee's Withholding Allowance Certificate, is an Internal Revenue Service (IRS) tax form that you must fill out when you start employment at a company. In this article, we explain more about the W-4 and W-9 forms, share the differences between the two forms and answer some frequently asked questions about Form W-9. Two of the most common forms are Form W-4 and Form W-9. Employers can direct you in completing certain forms, but others may be up to you and your unique tax situation. When taxes are involved, it's important to understand the different forms so you can fill out the appropriate documents correctly. ![]()
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