Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

If you’re a business owner or independent contractor, a client may ask that you send them a W-9. Here’s why, and how to accurately complete one.

As a small-business owner, you may be thinking about outsourcing work to save time and expand your services. Before taking this step, make sure you ask contractors or companies to fill out a W-9 form.

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. In March 2024, the Internal Revenue Service (IRS) unveiled a revised version ...

There is a threshold for when a W-9 is required. When a company pays non-employee compensation of $600 or more within a year to any individual or company, it must complete a 1099-NEC form and needs ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Using the correct IRS form (W-9 for U.S. persons and W-8BEN for ...

IRS forms W-8 and W-9 serve distinct purposes in the tax system and are used by different groups to fulfill their tax obligations. A W-8 form is typically required ...