5 Ways To Fill 2017 W-9 Printable Form Correctly

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Completing a 2017 W-9 printable form correctly is crucial for independent contractors, freelancers, and businesses to ensure compliance with the Internal Revenue Service (IRS) requirements. The W-9 form, also known as the Request for Taxpayer Identification Number and Certification, serves as a means for businesses to provide their taxpayer identification number (TIN) to other entities that will be reporting income paid to them on an information return, such as a Form 1099-MISC.

Here are five ways to fill out the 2017 W-9 printable form correctly:

Understanding the Purpose of the W-9 Form

Before filling out the W-9 form, it's essential to understand its purpose. The W-9 form is used to provide a taxpayer identification number (TIN) to entities that will be reporting income paid to you on an information return. This information return will be used to report income paid to you to the IRS.

Who Needs to Fill Out the W-9 Form?

The W-9 form is required for individuals and businesses that are considered independent contractors or freelancers. This includes:

• Sole proprietors
• Single-member limited liability companies (LLCs)
• Partnerships
• S corporations
• C corporations
• Trusts and estates
• Non-resident aliens (NRAs)

Filling Out the W-9 Form Correctly

To fill out the W-9 form correctly, follow these steps:

Step 1: Provide Your Name and Business Name

Enter your name and business name (if applicable) in the spaces provided. Make sure to use the same name and business name that you use on your tax returns.

Step 2: Provide Your Address

Enter your address in the space provided. This should be the address where you receive mail and other correspondence.

Step 3: Provide Your Taxpayer Identification Number (TIN)

Enter your TIN in the space provided. Your TIN can be either your Social Security number (SSN) or your Employer Identification Number (EIN).

Step 4: Certify Your Taxpayer Identification Number

Check the box to certify that the TIN you provided is correct.

Step 5: Sign and Date the Form

Sign and date the form in the spaces provided.

Common Mistakes to Avoid When Filling Out the W-9 Form

Here are some common mistakes to avoid when filling out the W-9 form:

• Using an incorrect TIN
• Providing an incorrect name or business name
• Failing to certify the TIN
• Failing to sign and date the form
• Using an outdated form

Benefits of Filling Out the W-9 Form Correctly

Filling out the W-9 form correctly can provide several benefits, including:

• Avoiding penalties and fines for non-compliance
• Ensuring accurate reporting of income on information returns
• Reducing the risk of identity theft
• Ensuring compliance with IRS regulations

Conclusion

Filling out the 2017 W-9 printable form correctly is crucial for independent contractors, freelancers, and businesses to ensure compliance with IRS regulations. By following the steps outlined above and avoiding common mistakes, you can ensure that your W-9 form is filled out correctly and avoid any potential penalties or fines.

We invite you to share your thoughts and experiences with filling out the W-9 form in the comments section below. If you have any questions or need further clarification, please don't hesitate to ask.