When you work with a company or individual as an independent contractor, you may be asked to fill out a W9 form. This form provides your tax identification information to the payer, who will use it to prepare your 1099-MISC form at the end of the year.
You only need to fill out a W9 if you’re being paid $600 or more by the company during the year. If you’re being paid less than that, the payer does not have to send you a 1099-MISC.
The W9 form is available on the IRS website. You can also get it from your client or the company you’re contracting with. Once you have the form, fill out your name and address information in section 1.
In section 2, you’ll need to provide your Taxpayer Identification Number (TIN). If you’re an individual with a Social Security Number (SSN), you would use that number. If you’re a business entity, you would use your Employer Identification Number (EIN).
PRO TIP: If you are working with a client on Upwork, they may request your Social Security Number (SSN) or Employer Identification Number (EIN) in order to process payments. Providing this information is optional, but may be required in order to get paid. Keep in mind that sharing your SSN or EIN is at your own risk, and Upwork is not responsible for any misuse of this information.
Once you’ve provided your TIN, sign and date the form in section 3 and give it back to your client or the company you’re contracting with.
Conclusion:
You only need to fill out a W9 if you’re being paid $600 or more by the company during the year.
5 Related Question Answers Found
As a freelancer, you are probably always on the lookout for new opportunities to help you grow your business. One great way to find new clients is through online platforms like UpWork. But before you can start working with a new client, they will likely ask you for a W9 form.
As a freelancer, you are always looking for new opportunities to grow your business. One of the best ways to find new clients is through online platforms like UpWork. But before you can start bidding on projects, you need to have your paperwork in order.
The Internal Revenue Service (IRS) requires that all businesses provide a W9 form to any individual or entity that they pay $600 or more to in a given year. The W9 form provides the paying business with the individual’s or entity’s Taxpayer Identification Number (TIN), which the business will use to prepare a 1099-MISC form at the end of the year. So, does UpWork give W9?
As a freelancer, you’re used to getting 1099s at the end of the year. But what if you start working with a new client who wants to pay you through UpWork? Do you get a W2 from UpWork?
As a freelancer, you’re probably used to getting a 1099 at the end of the year. But what if you’re working through a platform like UpWork? Do you get a W2?
