| TIN Matching News
The
IRS recently doubled penalties for TIN/Name mismatches.
Read more. |
Bulk TIN Matching
lets you verify the accuracy of taxpayer TIN and name information
prior to submitting 1099 information returns to the IRS.
Bulk TIN Matching is part of a suite of
internet based pre-filing e-services that allow "authorized
payers” the opportunity to match 1099 payee information against IRS
records prior to filing information returns. By matching payee
with W-9 name and TIN with IRS records, you can:
-
Match the payee with W-9 name
and TIN with IRS records;
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Decrease backup withholding
and penalty notices;
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Reduce the error rate in TIN
validation.
Bulk TIN
matching is available to payers such as corporation, financial
institutions, federal agents, etc, whom file the following
backup withholding type income:
» (1099-B) Real
Estate Brokers and Barter Exchange Transactions
» (1099-DIV) Dividends and
Distributions
» (1099-INT) Interest Income
» (1099-MISC) Miscellaneous Income
» (1099-OID) Original Issue Discount
» (1099-PATR) Taxable Distributions Received from
Cooperatives
We provide bulk tin matching
service at a cost of $149.95 for up to 5,000 records and 4-submissions.
Please call our sales office at (480) 460-9311 to order or if you
have more than 5,000 records.
Specifically, what we do is:
1. Format your data to IRS specifications.
2. Perform the uploads, downloads and
send you a formatted report via a secure connection.
3. You review the bulk tin matching
results. Isolate the TIN/name combinations that do not match and research and adjust your data file.
E-mail us a new data file and we will re-submit again
and e-mail you the results.
All for only $149.95.
Take advantage of bulk tin
matching service to correct any errors prior to filing to the
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