Collect a W-9 from every subcontractor before issuing first payment. Stores their legal name, EIN/SSN, and address. Without one, you may have to withhold 24% backup withholding.
Short definition. A US tax form independent contractors complete so payers can issue them a 1099.
Category. W-9 form is a tax term used by service businesses when billing customers.
How Glo Invoice handles it. Glo Invoice builds w-9 form into the invoice itself, so you don't track it on paper or in a spreadsheet.
Frequently asked questions
What does w-9 form mean?
Collect a W-9 from every subcontractor before issuing first payment. Stores their legal name, EIN/SSN, and address. Without one, you may have to withhold 24% backup withholding.
Related terms
1099-NEC / 1099-MISC — US tax forms reporting payments to independent contractors and other non-employees.
Independent contractor — A self-employed person hired to perform specific work under contract.
