Tax1099.com provides robust features for accountants. We have listened to feedback from accountants using our service for the past two years and have added several features to benefit them.
When you receive notification that you filed an incorrect TIN for a vendor, you will need to send the vendor a B-Notice. This process involves sending a letter to the vendor, collecting W-9 information, and maintaining a record of which vendors you’ve had to send B-Notices to. If you receive a second notification of an incorrect TIN for the same vendor within a three-year period, you will follow a slightly different process.
Our B-Notice Management tool will allow you to send the B-Notice in the proper format, along with an electronic W-9. We will also collect the W-9 information and apply updates to the vendor’s record automatically with our W-9 e-Solicitation process. You can easily track if this is the first or second B-Notice received for a specific vendor.
Managing the B-Notice process with us allows you to maintain all of your relevant vendor information in one place.
Contact us to be added to our list of customers wishing to be notified when this feature is available.
When will this feature be available?
We anticipate this feature being available by the beginning of 2016. The IRS typically sends the CP2100/CP2100A notices that require you to send B-Notices in the Fall of the year that the TIN/name mismatch occurred.