Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In March 2024, the Internal Revenue Service (IRS) unveiled a revised version ...

Form W-9 collects taxpayer ID for reporting income such as dividends and interest. W-9 income isn't initially withheld; payees must report and pay taxes themselves. Backup withholding at 28% applies ...

An Internal Revenue Service Form W-9, Request for Taxpayer Identification Number, is an informational form that employers and prime contractors use to collect information they need to process their ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This “backup withholding” at 24% is the usual consequence of ...

W-2 vs. W-4 vs. W-9: Decoding the tax forms that control your money ...

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 ...

Tax Day is coming soon, and people need to start collecting all their tax forms like W-2, W-9, and 1099. These forms can be confusing at first. Some tax forms are pre-filled, which means you don’t ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...

If you have a business, you may need to fill out IRS Form W-9 Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect ...