Bulk TIN Matching is part of a suite of internet based pre-filing e-services that allow payers the opportunity to match 1099 payee information against IRS records prior to filing information returns.
The IRS recently doubled penalties for TIN/Name Mismatches to $100 per record. Protect yourself from potential penalties by using 1099 Pro's Bulk TIN Matching Service. For a flat fee of $135, 1099 Pro's SAS 70 Type II Service Bureau can perform a Bulk TIN/Name Match on up to 100,000 TIN/Name combinations..
You may submit your data via one of the following methods:
Results will be returned within 24 hours in the form of an Excel Spreadsheet - click here to view a sample. Immediately you can check for transposition errors against your W-9 and fix as needed in your database. For other errors, use your 1099 Pro software to issue W-9's and track Recipient responses.
If you fix just 10 Name/TIN combinations, you've saved $1,000 for this year and years to come for a fee of only $135!
For more information, please call (866) 444-3559 or (818) 876-0200. You can also email is at sb@1099pro.com.
To keep your data clean when opening new accounts, consider using www.TINCheck.com to immediately verify new Vendor TINs and Names.
For a FREE trial account, click on "Register" at www.TINCheck.com and submit the online form.
For more information, call (866) 452-3467 or email sales@TINCheck.com.