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Video instructions and help with filling out and completing Form Fillable W-9

Instructions and Help about Form Fillable W-9

And how is everyone i hope everyone is having a great day so today what we're doing is we're looking at the w-9 form this document is the request for taxpayer identification number and certification and this particular document is used for a contractor or a self-employed person for income taxes uh purposes so basically you have to report your earnings to the irs so the companies that you work with the companies that use your services they will request that you fill in a w-9 form so i wanted to go through this form to make sure that you understand this particular form and how to fill it out and see the form that is used when you do business as an independent contractor or a self-employed individual so the employer that employs you they use this form to get your tin or tax payer identification number uh from you who is the contractor freelancer or vendors so uh this form basically provides a lot of the personal information that identifies you to the company so when you use this form it basically acts as an agreement that you you know as the freelancer or the contractor you're responsible for withholding taxes from your income so if you're a full-time employee your employer withholds some of your income for your taxes but with a self-employed you are responsible for your own taxes so at the end of the year you will receive a 1099 uh misc form and basically that will outline all of the payments that's made to you so basically as i said if you're self-employed if you're a freelancer independent contractor consultant uh if you earn over 600 in that year then you need to fill out this form and if you're not an employee if you're not a full-time employee and you own uh earn over 600 then basically you need to fill out this form so that's when you're definitely identified you know as an independent contractor so if you have questions you can confirm with the business that or you're working with but for the purposes of this video what we're doing is we're just going over the form how to fill it in you know and you know what it should look like when you are done so we're gonna go through uh the entire form so line one basically is your name so when you fill this in your name should be uh your full name and it should match the name on your tax return so however it is on your tax return this is how it should look on your w-9 also and you want to do that because you don't want you know anything to be mistaken for a different person or a different individual or even hold up you know income taxes because the name is misspelled or the name is not correct so you want to make sure you have your full name ...

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