Who Needs To Fill Out a W9

W-9 is an IRS Form that is required to be filled out by individuals who are working as freelancers or independent contractors. Form W-9 is used by the business which is paying you to report the payments to the IRS. The purpose here is to calculate your taxable income by the IRS.

Form W-9 is mostly used by individual freelancers or independent contractors. There are optional sections inside the form which is not needed to fill out by these freelancers or independent contractors.

Characteristics of a W-9 Filer

If you are a freelancer who is paid at least $600 a year for the task you are given, you must meet the following characteristics required to fill out a W-9 Form:

  • You have almost full responsibility for the jobs you’re given.
  • You don’t have any health insurance policy or retirement savings account
  • You don’t receive any beneficial services from your employer
  • You pay all your taxes

Home Office jobs are mostly related to independent contractors. Writers, bloggers, social media experts generally work as freelancers. Here’s a list of the common individual contractors who intensively fill out Form W-9 to notify IRS of their payments:

  • Writers
  • Repairmen
  • Architects
  • Construction workers
  • Accountants
  • Stockbrokers
  • Musicians
  • Private bodyguards
  • Consultants
  • Actors
  • Reporters
  • Press Correspondents ( Freelancer )
  • Youtubers
  • Streamers
  • Podcasters

You need to calculate and pay your taxes 4 times a year and Schedule C needs to be filled out by you for your tax returns.

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