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Another purpose of Form W-9 is to help the payee avoid backup withholding.The payer must collect withholding taxes on certain reportable payments for the IRS. However, if the payee certifies on the W-9 they are not subject to backup withholding they generally receive the full payment due them from the payer. [2]
March 9, 2024 at 9:00 PM RichVintage / Getty Images These payers might ask you to fill out a W-9 form to help facilitate that process by verifying your tax identification information.
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
Form W-2, 2016. Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1]
We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms for more complex situations — to help simplify the 2025 tax season.
December 1, 2024 at 7:00 AM. The Bills face the 49ers Sunday night. (Cooper Neill—Getty Images) ... How can I watch NFL games for free—even if I am out of market?
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