Significance of a W9 Form Online
Employees, companies, and independent contractors all need to complete, file, and update form W9 documents. This can be time-consuming, and processing a W9 form online through your favorite e signature software will save significant time and money.
- Form W9 for Employers
As an employer, you ought to have a W9 form in place for each active employee. It is not mandatory to send W9 to the Internal Revenue Service (IRS); however, you will need it to successfully complete employee’s 1099 or W2 tax forms each year. Sending and maintaining these forms can be exhaustive, so submitting a request in a few clicks clears this off your operations list in moments rather than days or weeks. Blank W9 Template with a 14-day free trial here.
- Significance to Independent Contractors
Part-time employee, freelancer or contractor, fill out a form W9. They pay taxes on proceeds and file tax returns each year. To do that, you will need a W2 or 1099 form from every organization that you have offered services to. Contractors and freelancers complete and present W9 tax form to each of these organizations before offering services to them, to ensure that they receive their W2s on time for tax season.
What is a W9 Form?
Taxpayer Identification and Certification, W9, is a form that employees fill out when hired. It provides the HR departments with the information required for tax reporting; for instance, the employee’s name, home address, and social security number.
Benefits of Having a W9 Form Online
E- Signatures software provide various benefits in regards to getting documents filled out and signed within a paperless environment. Scanning, faxing, mailing, or manually delivering it takes days possibly weeks of your time. Signing w9 form online takes moments. When deadlines are looming, and you need an employee to immediately sign a W9 form online, there is no faster, flexible, and secure method than with an e signature. The efficiency brought about by signing new hire documents like W9 form online improves your recruiting workflows and delights your soon-to-be employees.
By engaging the services of a leading e-signature solution provider like eSign Genie you (or your HR department) can generate re-usable templates for onboarding documents (such as employee handbooks, W4, W9, and more). More so, having these documents esigned instantly during the recruiting process is a plus for any organization.
Get started and send your W9 Form Online in the least number of clicks!