W9

The W-9 form, officially known as the Request for Taxpayer Identification Number and Certification, is a crucial document used by individuals and businesses in the United States. It serves to provide the correct Taxpayer Identification Number (TIN) to the entity that is required to file an information return with the IRS. This document is primarily used in various financial contexts, such as when paying freelancers, independent contractors, or other non-employees for services rendered.

The W-9 form is essential for ensuring tax compliance, as it allows businesses to accurately report payments made to individuals or entities throughout the tax year. By collecting this information through the W-9, organizations can guard against penalties imposed by the IRS for improper reporting and ensure the correct withholding of taxes, if necessary.

Extractable Data Fields

Below is a table listing the key data fields that Vaultedge can extract from the W9 form. Please refer to the table below for detailed information.