Form W-9 (2017)

What Is W 9 Form 2017

Form W9, officially titled "Request for Taxpayer Identification Number and Certification," is a crucial document in the United States tax system. The W9 Form 2017 version is integral for businesses and financial institutions as it helps them gather information from contractors, freelancers, and other entities paid for services. This form collects taxpayer identification numbers (TINs), including Social Security numbers for individuals or Employer Identification Numbers for businesses.

When to Use Fillable Form W 9 2017

Here are some everyday situations:

• Independent contractors or self-employed individuals providing services to a business.
• A financial institution requests information for certain transactions, like opening a new account.
• Real estate transactions where a taxpayer identification number is required.
• Cancellations of debt: persons who have forgiven debt need information to prepare a 1099-C form.
• Payment of dividends, interest, or any other reportable income demands this documentation for accurate tax reporting.

How To Fill Out W 9 Form 2017 PDF

Filling out a W9 Form 2017 PDF should be done with particular attention to detail to ensure all information is accurate. Here is a step-by-step guideline:

• Begin by entering your full legal name as shown on your income tax return on the top line.
• The second line should contain your business name if it differs from yours.
• Specify the federal tax classification of the person or entity requested on the form (individual/sole proprietorship, C Corporation, S Corporation, Partnership, Trust/estate).
• Exemptions can be listed on lines 4 and 5, though these are typically not applicable to most individuals.
• Next, input your address, city, state, and zip code. This should match the address where you received your financial documents.
• Lines 6 and 7 are reserved for the requester's name and address, optionally provided by the requester.
• Your TIN—Social Security Number (SSN) or Employer Identification Number (EIN)—must be entered in Part I.
• The final step includes signing and dating the certification in Part II, attesting that all the information provided is correct.

When to File Form W 9 IRS 2017

Form W 9 IRS 2017 is not directly filed with the IRS by the individual or entity completing it. Instead, it's provided to the entity or individual who requests it, typically a business or financial institution that needs to report income paid to you. You must furnish this form before you start work as an independent contractor or any time your personal information changes.