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What does 2nd B Notice mean Form: What You Should Know
What does the “B” Notice mean? — IRS Sep 24, 2023 — The IRS will not accept a corrected TIN. The “B” Notice tells the payee that a corrected TIN is a requirement, not a choice. The mail must show a confirmation from SSA or IRS. The Payee can send a notice to the SSA or IRS (and the IRS will collect the second “B” Notice) or collect a Form W-9 and wait until the IRS corrects the combination. This means that if the payer doesn't have a correct TIN or if the IRS notices that it's a mistake. It must get a form W-9 before the payer can receive any benefits. Sep 24, 2023 — The IRS will not accept a corrected TIN. The “B” Notice tells the payee that a corrected TIN is a requirement, not a choice. The mail must show a confirmation from SSA or IRS. The Payee can send a notice to the SSA or IRS (and the IRS will collect the second “B” Notice) or collect a Form W-9 and wait until the IRS corrects the combination. This means that if the payer doesn't have a correct TIN or if the IRS notices that it's a mistake. It must get a form W-9 before the payer can receive any benefits. Dec 10, 2023 — The IRS sends a Form 1098-B confirming the corrected combination to the payer. Payee who has a ‛B” Notice can use Form 1098-EZ to obtain a corrected name/TIN at the point of service (POS). Jun 12, 2023 — A Notice of Penalty and Notice of Refund for Failure to Make a Corrected Tax Payment, and the Form 10962(P) can be sent to the payer. July 25, 2023 — A second Notice of Amount Due (NOTAR) or Notice of Refund to a Payee (NOTAR) to a Payee of a Form 10962(P) can be sent to the payer. Sep 28, 2023 — A Notice of Refund to a Payee to a Payee of a Form 10962(P) will be sent in the mail and can be returned.
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