Follow Up Question to Payee With Same Name Information as Another
Ok we entered Richard and the last name of the person and then entered Rachel and the same last name and both come back as a match.
First off, you should print the results produced by the TIN Match program for each person. Put these into the appropriate payee files.
Can a Third Party Be an Organization's Principal Under IRS TIN Match Program Rules?
I had asked last month about the IRS TIN Matching responsibilities. If this were something that you provided on our behalf would you become the Principal and what responsibility would we have? Thanks!
Who is the Principal vs. Authorized Agent in Using the IRS TIN Match Program?
The IRS TIN Matching allows the Principal to delegate authority to another person to set up the process. Then when registering would the original officer, or delegated authority, be noted as the Principal? Is it possible that someone is the Principal and Authorized Agent?
Defining your organization's user roles for the IRS TIN Match system can be a frustrating process. That said, it is great that you asked as making sure you have the right people doing what it is the IRS says they should be doing is a key component in your compliance efforts.
TIN Match Program Submission Question Regarding Vendor Names with Different TIN's Both Return a "7"
We submitted the same vendors name but 2 different TIN's to the TIN matching website and both returned a 7. What do we do with this result?
New Payee W-9 With Change in Corporate Status and New TIN: What to do?
We have paid a particular vendor for services as a sole proprietorship and reported the payments on form 1099-MISC under the owner's name and SSN as indicated on the W9 form they submitted to us years ago. They have now sent us a new W9 form which indicates they are now incorproated and have a new EIN. I would assume that any payments made up to this point, would still be reported at year end in accordance with the information on the old W9 form and any payments issued going forward would fall under the corporate exemption and not be reported at all. Is my assumption correct? Also, when I ran the new EIN in the TIN Matching System, the result indicates "TIN entered is not currently issued." Is this to be expected if the new EIN was recently acquired? Can we assume that the number is correct even if a positive match was not returned by the TIN Matching System?
Easement Purchase and Payee Not Providing Full TIN
I found on page 2 of the instructions of the W-9 it states under the section "What is backup withholding?" that real estate transactions are not subject to backup withholding. With that in mind, what do I report for a payee providing less than their full TIN?
Vendor Provided W-9 with EIN that Does not Match IRS Records: What to do?
We have a vendor that does not have a W-9, however, they provided an IRS letter noting that an EIN number was assigned. We tried to match the EIN provided and it does not match. Our standard procedure is to match to the IRS.
Vendor Will not Complete W-9: What to do?
We have a vendor that we have requested a W9 from- they are a government agency. They will not provide us with a completed W9 form but have sent their EIN in an email. Is this sufficient as long as we get a TIN match on the IRS TIN matching website?
Do non profits show up on the TIN matching service?
Do non profits show up on the TIN matching service?
Validating Attorney W-9 Information Against TIN Match Program Results
What rules, if any, are there for payee names versus what is listed on their W9? We have had several situations where a W9 is submitted under one name and the name requested to be printed on the check is another. No DBA name is listed either. Example: An attorney partnership with three names is listed on the W9 and matched with the IRS TIN Matching program. The request came in to have the check made payable to one of the attorneys. Example: W9 submitted has a business name, is a sole proprietorship and the name reqeusted to have the check made payable to is an individual's name. Example: W9 submitted has a business name listed, is a medical corporation and the name requested to have the check made payable to is an individual's name. Are there any resources available for this area?