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If you are hired as a freelance writer by a business,

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1:24 pm
March 8, 2011


Aloysa

Member

posts 910

Are you required to fill out W-9?

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2:07 pm
March 8, 2011


Sandy @ yesiamcheap

New York, NY

Member

posts 802

Form W-9 is sent to independent contractors, consultants, and other self-employed workers.  A freelancer is usually sent a 1099 instead of a W-2 at the end of the year.

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5:02 pm
March 8, 2011


The Single Saver

Member

posts 689

Post edited 5:03 pm – March 8, 2011 by The Single Saver


Also, I believe if you make less than a certain amount (I am thinking it is $500 or $600) in a year you do not have to fill out a form.  I recall when I used to work with outside speakers and a lot of them would charge $1 less than the limit to get out of paying taxes on that money! 

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5:47 pm
March 8, 2011


Khaleef @ KNS Financial

Fat Guy, Skinny Wallet

Member

posts 3149

Post edited 8:43 am – March 9, 2011 by KNS Financial


The Single Saver said:

Also, I believe if you make less than a certain amount (I am thinking it is $500 or $600) in a year you do not have to fill out a form.  I recall when I used to work with outside speakers and a lot of them would charge $1 less than the limit to get out of paying taxes on that money! 


The current limit is $600…but we are actually required to pay taxes on every dollar that we earn. That limit really refers to the company doing the hiring – they are not required to report the payments to the IRS (although, I'm sure that they will because it's an expense).

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8:33 am
March 9, 2011


Eric – PersonalProfitability.com

Portland, OR

Member

posts 2120

While they (company) are not required to report, you still are. You are supposed to fill out additional income on your W2.

6:29 pm
March 9, 2011


Sunil from The Extra Money Blog

Member

posts 362

yes you are required to do so. if you are not provided one, make sure you ask for one.

a W9 is an information form, not a reporting form.

a W9 is used by whoever hires you to fill out a 1099 MISC at year end

they are required to fill out a 1099 if they paid you at least $600 during the tax year

regardless of whether you get a 1099 form, you are required to declare your income

if you get a 1099, you'd declare it as 1099 Misc income

if you don't get a 1099, you'd declare it as "other" or "miscellaneous" iincome

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