![]() Each line of input will signify a new record.Įxample: TIN Type TIN Name Account Number TIN (9 digits Taxpayer Identification Number)Īccount Number (optional field for your use – up to 20 Alpha/numeric – NOTE: the system will not read this information)Ī semi-colon ( ) will be the delimiter between fields. txt file with up to 100,000 TIN/Name combinations to be matched. If another “Notice of Possible Payee TIN Discrepancy”, for that payee is received, the second notice requires the payer to backup withhold on any proceeds disbursed to the payee until IRS gives permission to stop, even if a Form W-9 is provided by a payee. Once a payer receives a “Notice of Possible Payee TIN Discrepancy”, for a payee, the payer is required to track whether or not another is received within 3 years. IRS sends a CP2100 or CP2100A, “Notice of Possible Payee TIN Discrepancy”, to payers if the TIN/name combination on the information return does not match IRS tax records. The payer is required to withhold 28% of a reportable payment if the TIN is not provided at the time of the payment. IRC Section 3406(a)(1)(A) provides that reportable payments are subject to backup withholding if the payee does not provide a correct TIN to the payer. IRC Section 6109(a) (3) requires a payer to request a payee’s TIN and include it in any returns filed with the IRS. IRC 6109(a) (2) requires the payee to furnish their correct TIN to the payer. The requirements for providing a payee TIN to the IRS are discussed below,Īs per Internal Revenue Code (IRC) Section 6109(a) (1) provides that any payer required to file an information return must include the payee’s correct TIN. What are the requirements for providing a payee TIN to the IRS? ![]()
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