February 26, 2025

Top 5 Tax ID Management Challenges & 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 »

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January 9, 2025

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 »

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October 18, 2024

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 »

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October 4, 2024

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 »

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October 4, 2024

1099 Filing Checklist – Steps to Prepare for Tax Season

As the leaves start to turn and October settles in, many businesses are gearing up for what can feel like a never-ending tax season. While 1099 reporting may not be the most exciting task on your to-do list, it’s crucial to validate your records early and avoid last-minute scrambles. 5 Steps to Prepare for a... Read more »

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May 16, 2023

Why TIN Matching is Important for Your Business

Having the correct Tax Identification Number (TIN) is essential when filing W-2s, 1099s and ACA forms. This nine-digit number could be a Social Security Number (SSN), Employer Identification Number (EIN), Individual Taxpayer Identification Number (ITIN) or an Adoption Taxpayer Identification Number (ATIN). A SSN may only be obtained through the Social Security Administration, while the... Read more »

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May 15, 2023

Maintaining 1099 Reporting Compliance with Bulk TIN Matching

If your business has a large number of customers or vendors, then you are probably familiar with the challenge of maintaining accurate name and TIN information for 1099 tax reporting purposes. Collecting a W-9 during customer onboarding and doing a proactive real-time TIN and name check with the IRS database are solid best practices every organization... Read more »

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May 15, 2023

5 Reasons Your Business Should be Proactively TIN Matching

Improving the efficiency of financial operations while maintaining compliance is critical to the success of any growing business. One of the proactive steps that can help improve the efficiency and accuracy of your tax compliance is TIN Matching.  This simple but important verification process can have several significant benefits to your business. Here’s a closer... Read more »

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