W-9 2024 Form Printable. November 28, 2022 by printw9. The w9 is a formal request for information about the contractors you pay, but more significantly, it is an agreement with those contractors that you won’t be withholding income tax from their pay—contractors must pay their own taxes on this income.
The payment of social security and medicare taxes by your business is not required, nor is the withholding of income taxes from payments made to independent contractors. Employers use this form to gather taxpayer identification numbers (tin) from independent contractors and freelancers.