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