Why You Should Use TIN Matching Before Filing

Why You Should USE TIN Matching Before Filing

Want one less thing to worry about this tax-filing season? Take advantage of TIN matching to ensure accurate TIN/name combinations for payer and payee data. This is an important time- and money-saving service because incorrect TINs can result in form rejection – and potential $250 mismatch penalties from the IRS.

How Does TIN Matching Work?

A Taxpayer Identification Number (TIN) is a unique number used by the IRS. It can be a Social Security Number (SSN) for individuals or an Employee Identification Number (EIN) for businesses (also known as a Federal Tax Identification Number).

The IRS will issue a CP2100 or CP2100A Notice if the payee’s name and TIN on the information return doesn’t match its records. The notice informs payers they may be responsible for satisfying backup withholding requirements, if they haven’t done so already.

To submit a file for TIN matching, sign up or log in here and create your payers and recipients, either manually or via upload. Then go to the "Services" page, select the payers for TIN matching and check out. The results will be mailed directly to your email address.

The fee is $149.95 per file — 100,000 maximum records/lines per file. Preseason data preparation services are available through December.

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