Can one of the most simple tax forms be confusing? For some reason thousand of people keep asking questions on tax forums, they consult with lawyer and call IRS directly. The truth is out there?
Any business relations should be placed on record, mostly it’s done via legal documents. Doesn’t matter whether this record keeps information on only two sides agreement or even one third party involved, each signed blank has a value.
W-9 & 1099 are so-called levy forms used by payers alongside with payees to deliver info on diverse prospects of income. Main distinction between those two is: MISC form includes total amounts of payments and fillable W-9 serves for 1099 fill out forth putting.
W-9 is used by independent contractors to supply TIN and Name to the customers. Sometimes vendors and freelancers are establishing electronic form fill up and for the purpose digital version within requester responsibility has to correspond to the hard copy. But what is original IRS W 9 looks like?