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Got questions?
We have answers to the most popular questions from our customers.
What is the W-9 form used for?
The W-9 form is crucial for accurate tax documentation, as it serves these key purposes:
Providing your Taxpayer Identification Number (TIN) to entities that pay you.
Certifying your tax status as a U.S. person.
Declaring any exemption from backup withholding, if applicable.
When might filling out a W-9 not be necessary?
In certain cases, completing a W-9 may not be advisable. For example, if an unexpected party requests a W-9, make sure the reason for the request is valid. Financial institutions, such as banks, may use the W-9 form to report dividends at year-end; however, if they already have your TIN, submitting a new W-9 form might be redundant.
When should you submit an updated W-9?
It’s important to provide a new W-9 form to your employer or client whenever there’s a change in your personal or business information, such as a new address, new Social Security Number, or name change due to marriage or other reasons. Updating this information ensures that all tax documentation remains accurate.