What is a substitute for a W-9?
Individual Taxpayer Identification Number (ITIN) Form W-9 (or an acceptable substitute) is used by persons required to file information returns with the IRS to get the payee’s (or other person’s) correct name and TIN. For individuals, the TIN is generally a social security number (SSN).
Why did I receive a substitute Form W-9?
NYS Office of the State Comptroller uses the Substitute Form W-9 to obtain certification of your TIN in order to ensure accuracy of information contained in its payee/vendor database and to avoid backup withholding. Any payee/vendor who wishes to do business with New York State must complete the Substitute Form W-9.
Can I fill out W9 by hand?
The 1099 and W-9 forms go hand in hand. Independent contractors fill out the W-9 to confirm their tax responsibilities and provide information to their employer(s).
Can I make my own W9?
You can create a filled-out Form W-9 online at the IRS website.
Can you fill out a W9 form online?
How to fill out the IRS W-9 form online. Open the W-9 template by clicking the image preview below. Enter your name, business name, and address in the corresponding boxes. Sign and date the form, click ‘Print’ or ‘Download’ to print or save the W-9 to your computer as a PDF.
Why would my bank sent me a W9 form?
US financial institutions ask you to complete Form W9 in order to obtain your personal identifying information (name, address, tax ID) to report income paid to you to the IRS, such as interest, dividends, capital gains, cancellation of debt, royalties, rents, etc. or income paid by you to the institution, such as …
Who is exempt from W9?
To qualify as exempt for W-9 purposes, the payee must be one of the following: Any IRA, an organization exempt from tax per section 501(a), or a custodial account per section 403(b)(7) if said account meets the criteria of section 401(f)(2) Corporation. Financial institution.
https://www.youtube.com/watch?v=DoTUab0Ym1Q
https://www.youtube.com/watch?v=ysFoJVZXzho