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 ...

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 ...

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 ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record wages, benefits paid, taxes withheld, and other essential financial information ...

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 ...

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 ...

A W-9 form is a statement of information that must be completed by any business, including an individual, partnership, LLC or C-Corporation that receives payments from another entity for services ...

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