What is a W9 and why we collect it

What is a W-9

A W-9 is an official term usually titled “Request for Taxpayer Identification and number certifications”. This form provides the collector the info needed to fill out the 1099 for the IRS.

What are some benefits for the company collecting these W-9’s?

With a W-9 this helps validates the contractor from hiring undocumented workers who do not have a valid social security or a TIN.

By collecting a W-9 up front and keeping them updated and accounted for will save you time and money when filing your taxes. This will also help protect your company and your contractors from getting fined for not having a proper form filed at the time of work.

With MySubtracker we take the annoyance of filing and keeping up with the paperwork for you, so you are not hit with charges for not keeping track of your documents.