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in March of 2024 the IRS released a new version of form W9 which you may recognize if youve ever opened a bank or financial account or worked for someone as an independent contractor and despite the IRS claiming that the form is clearer and easier to fill out there is still a chance for confusion when filling out this form Im the tax geek and here is form W9 [Music] oversimplified individuals or businesses will have you fill up form W9 when they require a tax identification number to report to the IRS any payments to you that might be considered taxable income to you you might be asked to fill out form W9 for any of the following reasons you agree to work for someone as an independent contractor you open a bank account or brokerage account you sell a piece of real estate you open a thirdparty net networ transaction account such as venmo eBay or PayPal or you seek to accept credit or debit cards as payment you apply for a home mortgage or student loan or you enroll at college or unive
