For you to be employed in a freelance capacity for most companies, it will be required that the perspective worker fill in a W9 Form. It’s a basic form which can be filled out in a matter of minutes. It’s rarely actually sent to the Internal revenue service, though the employer keeps it on file for a handful of reasons. One good reason, is usually to verify the freelancer’s information and facts for the time that a 1099 is filed.
The other reason that the form is filled out would be to allow the employer not to have to backup withholding taxes.
So, even though the form seems unnecessary, it truly is in fact, an important section of the hiring process.
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