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W 9 form nh 2025

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The document is an Alternate W-9 form for vendors in the State of New Hampshire, requiring them to provide their Taxpayer Identification Number (TIN) to avoid a 28% withholding on payments. It outlines the necessary information needed from service providers, including business names, addresses, and designations, while emphasizing the importance of accurate tax reporting to the IRS.

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Who fills out a W9 and why?

A Form W-9 must be completed by one party and furnished to a second party if the second party is going to furnish specific types of payments in the future. Most broadly, Form W-9 must be filled out by independent contractors that perform work for another party with which they are not employed.

What businesses need to fill out a W9?

Companies who engage you as a contractor or make payments to you for services you provide will likely ask for a completed W-9. Likewise, banks, brokerage firms and other payers typically ask for a completed W-9 to prepare your 1099s to report items such as interest, dividends, cancellation of debt and more.

Why would someone request a W9?

Why would a customer ask for a W9? A W9 is generally requested by someone whose business needs to make a payment and needs to know exactly what legal entity they are making a payment to. Without a W9, they may need to withhold 24% of the amount theyre paying you and give it to the IRS.

What is the W9 form used for?

Use Form W-9 to provide your correct Taxpayer Identification Number (TIN) to the person who is required to file an information return with the IRS to report, for example: Income paid to you. Real estate transactions. Mortgage interest you paid.

Where can I find a W9 form?

Go to .irs.gov/FormW9 for instructions and the latest information. Give form to the requester.

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Am I an employee if I fill out a W9?

Individuals classified as employees do not fill out a W-9 form. Independent contractors and freelancers fill out W-9s before they begin working with a business.

Who fills out a W9 form?

You will need to fill out a W-9 form if you: Classify yourself as an independent contractor or freelancer. Are not a full-time employee of the business. Will be paid more than $600 for work provided to the business.

Who is exempt from providing a W9?

All payees listed in items 1 through 4 and 6 through 11 are exempt. Also, C corporations are exempt. A person registered under the Investment Advisers Act of 1940 who regularly acts as a broker also is exempt. Barter exchange transactions and patronage dividends.

W 9 form nh 2025

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Who fills out a W9 and why?

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