How do participants fill out a W-9 Form?
Stipend-eligible participants receive a Stipend Survey via email prior to each stipend disbursement. The survey includes a unique link to submit their banking information and upload a completed W-9 Form. The email includes a blank copy of the W-9 form.
Please note that TNTP cannot provide explicit guidance on filling out the W-9 form. We recommend seeking advice from a tax specialist tailored to your financial needs. Here is a general breakdown of what each line of the W-9 means:
- Line 1 – Name: This should be your full name. It should match the name on your individual tax return.
- Line 2 – Business name: If you have a business name, trade name, DBA name or disregarded entity name, fill it in here. If you do not have a business, you can leave this line blank.
- Line 3 – Federal tax classification
- Line 4 – Exemptions: You do not need to fill in this section as an individual. Only certain businesses or entities with any reason for exemption need to fill out these spaces. If this applies to you, you’ll need to provide a number or letter code that indicates that reason.
- Lines 5 & 6 – Address, city, state, and ZIP code
- Line 7 – Account number(s): This is an optional line where you can fill in any account number. Most individuals can leave this blank.
- Part I – Taxpayer Identification Number (TIN): For this section enter your Social Security number (SSN).
- Certification: Make sure to read and sign the certification section prior to submission.
While this breakdown provides a general understanding, it's advisable to consult your tax advisor or contact the IRS directly for verification. Incorrect W9 information can result in payment and tax return issues, as well as potential future backup withholding.