When Is a W-9 Form Required?
Last Updated Mar 25, 2020 12:20:10 AM ET
According to the IRS, the W-9 form supplies a Taxpayer Identification Number to anyone who is required by law to file an "information return" concerning the taxpayer. Taxpayers give the form to whoever requested the information, not the IRS. For most individuals, their TIN numbers are their social security numbers.
The IRS indicates that a W-9 form is needed in many situations, such as when income is paid to the taxpayer or a real estate transaction has taken place. Other circumstances mandating a W-9 include when mortgage interest is paid, secured property is acquired or abandoned, a debt is cancelled or contributions are made to an IRA.
More From Reference
What Are the Steps of Presidential Impeachment?
What Does George Soros' Open Society Foundations Network Fund?
The History of the United States' Golden Presidential Dollars
How the COVID-19 Pandemic Has Changed Schools and Education in Lasting Ways
Fact Check: Is the COVID-19 Vaccine Safe?
How Does the 25th Amendment Work — and When Should It Be Enacted?