If you are self-employed or operate a small business, you typically receive requests from vendors and clients to submit a variety of forms. You might also need to request forms from your suppliers and ...

Form W-8 is used by foreign individuals and businesses to certify their non-U.S. status and to claim tax treaty benefits, if any are available, for income received from U.S. payers. The purpose of the ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 4 years old. Before paying you, many ...

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...

A Limited Liability Company (LLC) can have one of several classification types for the purpose of federal tax treatment. Some LLC classification types require the members of the LLC to elect its tax ...

Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you. Some forms are ...

Working for yourself is a reality associated with numerous titles. You may be an “independent contractor.” You may be a “freelancer.” You may even be a “consultant.” If you have taken on work in any ...

Form W-9 collects taxpayer ID for reporting income such as dividends and interest. W-9 income isn't initially withheld; payees must report and pay taxes themselves. Backup withholding at 28% applies ...

IRS forms W-8 and W-9 serve distinct purposes in the tax system and are used by different groups to fulfill their tax obligations. A W-8 form is typically required ...