The IRS CP2100, often referred to as a B-notice is a critical document that every business filing information returns should be familiar with. When you receive a CP2100 notice, the IRS is alerting you to a discrepancy between the Taxpayer Identification Numbers (TINs) and names that you’ve reported on your information returns—such as1099 forms—and the… Read more »
First Impressions Matter: The Role of Identity Verification in KYC
First impressions matter—especially in business. When a new client, vendor, or partner is ready to sign on, the last thing you want is to slow them down with clunky paperwork, manual reviews, or endless back-and-forth email chains. And yet, that’s exactly where many onboarding processes fall apart: identity verification. Know Your Customer, Earn Their Trust… Read more »
Wrong TIN on a W-9 or 1099? Here’s What to Do Next
We get it—you’re probably juggling a thousand tasks—making sure vendors get paid, employees are onboarded, and compliance boxes are checked. But there’s one small data point that can cause a surprisingly big problem if it’s incorrect: the Taxpayer Identification Number (TIN). So, what happens if you get a TIN wrong on a Form 1099 or… Read more »
What is the Death Master File?
If you are involved in your organization’s year-end tax filing process, you know the importance of maintaining accurate individual and vendor tax data. Tax Identification Number (TIN) matching is a critical process that can help protect your organization from errors, B-notices and penalties from the IRS. TIN matching typically occurs at two points in a… Read more »
Why TIN Matching Services Are a Must-Have for Tax Compliance
As tax-related identity theft and fraudulent filings continue to pose challenges, the IRS has ramped up its efforts to detect and prevent improper refunds. The agency expanded its use of identity theft filters for the 2024 filing season, implementing 282 filters to flag suspicious tax returns for additional scrutiny before refunds are issued. The… Read more »
The IRS Dirty Dozen: 2025’s Most Dangerous Business Tax Scams
Each year, the IRS releases a list known as the “Dirty Dozen,” a collection of the most prevalent and dangerous tax scams that businesses should be aware of. This list sheds light on one of the most significant challenges in modern tax identity management: tax fraud. These fraud schemes are often highly sophisticated, carefully crafted… Read more »
Top 5 Challenges to Tax Identity Management – and How to Solve Them
Managing tax identity information isn’t just about collecting TINs and names—it’s about ensuring accuracy, compliance, and fraud prevention in a world of ever-evolving regulatory regulations. And with increasing penalties from the IRS and states, businesses can no longer afford inaccurate or incomplete verification processes. In this eBook we break down the top five challenges businesses… Read more »
A Guide to Taxpayer Identification Numbers
A Taxpayer Identification Number (TIN) is more than just a random string of digits—it’s a unique key for all individuals and businesses within the United States tax system. Issued by either the Internal Revenue Service (IRS) or the Social Security Administration (SSA), these numbers ensure that income tax returns, federal tax filings, and other tax-related… Read more »
How to Maintain AML Compliance with Sanctions Screening
Although most businesses focus on verifying identities, Tax IDs, and sources of funds as part of their standard Anti-Money Laundering (AML) compliance efforts, they often overlook a critical aspect—sanctions screenings. Let’s explore the role of sanctions screenings in mitigating risk, ensuring compliance with global and federal regulations, and protecting businesses from engaging with individuals or… Read more »
It’s IRS 972CG Season. What is a “P-Notice”?
Every business, regardless of size or industry, faces the possibility of incurring information reporting penalties from the Internal Revenue Service (IRS). Knowing the appropriate actions to take upon receiving a notice, such as an IRS Notice CP2100 (B-Notice) or 972CG (P-Notice), is essential. Being well-informed is the first step in managing these IRS notices and… Read more »