B-Notice

Easement Purchase and Payee Refuses to Provide Full TIN: What do we do?

Question:

We are purchasing an Easement from an individual who is refusing to provide more than the last 4 digits of their social security number.  Since this is a real estate transaction, all amounts are reportable.   I am not quite sure what to do in this situation.

1.  Withhold a percentage of the payment?

2.  Obtain an explanation in writing?

3.  Accept the incomplete number and request another W-9 when a B Notice is sent? 

Combination of the above?

Answer:
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Completed 2nd B-Notice Process But Still No Response: Do I Need a Letter147C to Be in Compliance?

Question:

I have a vendor who appeared on my 2008 B notice list and my 2009 B Notice list.  I sent the first notice letter and resolved the issue in November 2009 by saying the our files and IRS agree.  Resolved 2009 B notice letter by discovering we had the EIN wrong.  Updated EIN and then sent all EINS via bulk submission and received a match from the IRS on October 2010.  I did send a second B notice letter on November 1, 2010.  Never received a response back.  Question is now there is a request to make a new payment to the vendor.  I have updated the EIN, IRS tin matching, but do not have a letter147C.  Do I need one to be in compliance?

Answer:
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Increased Number of B-Notices - Why?

Question:

We are experiencing an increase in the number of b-notices for 2008 for all of our companies. Has there been any changes in the IRS process to account for the increase in notices?

Answer:
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What is New in B-Notice Processing?

Question:

Can you tell me about this new changes in B-Notice Processing. I heard that there is a new IRS changes in procedures for processing B-Notices. What is the changes we need to know?

Answer:
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Do we include rent paid for storage as reportable on . . .

Question:

Do we include rent paid for storage as reportable on the Form 1099-MISC?

Answer:

Although the regulations ar . . .

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