If you’re a contractor and you get a Form W-9 from an individual or business who is not a client, don’t fill it out. Sending your Social Security Number (SSN) and other personal information to a stranger could be dangerous. Scammers will sometimes send individuals W-9s to collect their SSNs.

What is line 7 on a W9?

Line 7 – Account numbers: This is an optional field to list your account number(s) with the company requesting your W-9 such as a bank, brokerage or vendor. We recommend that you do not list any account numbers as you may have to provide additional W-9 forms for accounts you do not include.

Do you have to fill out a W9 if you are married?

In many cases, marriage will not affect how you fill out a W-9. IRS form W-9 is a request for taxpayer information, used by anyone who needs to issue you a 1099 form for income you receive apart from employee wages or salary. Fill in your personal information exactly as it appears, or will appear, on your tax return.

How does an executor fill out a W-9?

Form W-9 and Executors Executors ask the heir to fill out Form W-9 so the executor can report income properly to the IRS. Form W-9 can be used by individuals or corporations. If the heir is an individual, she needs to simply write her Social Security number in the proper space.

Where can I get a W-9 form completed?

Businesses in the United States are instructed by the IRS to request the W-9 be completed by any service provider they’re paying US$ 600 or more to during the tax year. If either the business or the contractor fails to comply, a heavy fine will be imposed. How to file a W-9 form The W-9 is completed on paper or electronically.

What happens if I refuse to fill out a W-9 form?

If you refuse to fill in the W-9, your client is obliged to withhold taxes from your payment at a rate of 24%. Businesses in the United States are instructed by the IRS to request the W-9 be completed by any service provider they’re paying US$ 600 or more to during the tax year.