Robert W. Wood is a tax lawyer focusing on taxes and litigation. This “backup withholding” at 24% is the usual consequence of refusing to hand over a Form W-9. Forms 1099 allow computer ...

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 from non-U.S. individuals or ...

A W-9 is an IRS form that independent contractors fill out to give businesses their tax ID number and personal information. Many, or all, of the products featured on this page are from our ...

Source: The College Investor If you're looking to fill out an IRS Form W-4 to change your withholding, we break it down below ...

You'll need it to report short- and long-term capital gains to the IRS When you sell or exchange capital assets like stocks, bonds, real estate, or artwork, you must report these transactions on ...

Employees are no longer required to claim withholding allowances on IRS Form W-4. Prior to 2020, workers claimed allowances ...