W-9The Purpose of Form W-9 is to request the taxpayer identification number (TIN) of a U.S. person.Form W-9 is used by persons required to file information returns with the IRS to get the payee's (or other person's) correct name and TIN. For individuals, the TIN is generally a social security number (SSN). However, in some cases, individuals who become U.S. resident aliens for tax purposes are not eligible to obtain an SSN. This includes certain resident aliens who must receive information returns but who cannot obtain an SSN. These individuals must apply for an ITIN on Form W-7, Application for IRS Individual Taxpayer Identification Number, unless they have an application pending for an SSN. Individuals who have an ITIN must prit on Form W9.Withholding agents may require signed Forms W-9 from U.S. exempt recipients to overcome a presumption of foreign status. For federal purposes, a U.S. person includes but is not limited to:1)U.S Citizen2) A partnership, corporation, company, or association created or organized in the United States.3) Any estate etc.1099- MISCYou may be required to file/report returns for certain types of payments made/received during the year. For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors, vendors, free lancers etc) for services performed for your trade or business. We should not use Forms 1099 to report wages and other compensation you paid to employees; report these on Form W-2 (Wage summary).This form can report a huge variety of things, and the way you report the information from this form can also vary widely. Some are common and most important factors to drive from 1099 Misc are:BOX 1- RentBOX 2 u2013RoyaltiesBox 3- Other incomeBox 7 u2022 Nonemployee compensation.If you work as an independent contractor for substantial periods during the year, then the IRS will treat you as self-employed. Self-employed taxpayers must report 1099-MISC income on a Schedule C attachment to their tax return.In addition, you are also liable for Social Security and Medicare taxes, which you calculate on Schedule SE and attach to your return.Thanks!