So your income will be shown at the top and your various expenses will be shown in the middle part of the form.
This is where the requester of the W-9 form will mail your information returns to.
An electronic signature is required for the electronic form.
If either the business or the contractor fails to comply, a heavy fine will be imposed.
Employees working in a permanent, full-time capacity are required to fill in the W-4, not the W-9.
A business does not deduct income tax from an independent contractor or freelance and neither does it pay Medicare or Social Security on their behalf.
You will still need some version of regular turbotax to prepare your personal tax returns.
This article is also not a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties.