My name is Adam welcome to passports video resource library and our presentation on avoiding taxpayer identification number errors for clarity and for our purposes at ein is the same as a social security number 2023 brought many challenges to Affordable Care Act filers but the most common was the dreaded air Tian 500 these tin mismatches occur when an employee's name or social security number did not match the information in the IRS database and can also affect other forms like the 1099 w2 or 941 for payroll today I'll show you how to prevent these errors by taking advantage of the IRS's free tin matching service will start at the eServices homepage create or login to your IRS eServices account if you are an electronic ACA filer you should already have one select application new tin matching application enter your PIN and accept the terms of service fill out the tin matching application the approval process can take several days once approved and logged into the eServices site you will be able to select the tin matching option accept the terms and proceed to an interactive tin session or bulk tin session if you choose the interactive tin session you can narrow down the search to social security numbers type the number and enter the last name click Add and then enter another individual doing this up to 25 times choose submit when you are ready to view the results you'll receive an instant result code which you can check against the list above here code 3 means that the tin and name combination is not a match code zero means that the name and numbers do match I'll click done and we can take a look at the bulk tin session the IRS specifies that you can...
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Tin mismatch penalty Form: What You Should Know
To avoid TIN mismatches and penalties, the IRS allows your organization to be a registered TIN matching provider by completing an IRS-approved application to be a TIN matching service. The IRS will determine whether your organization meets the requirements for being a TIN matching provider. A TIN matching service is an organization that can match NRA Form 1099 to a taxpayer's correct information on your Forms 1099. It would be a good idea if the IRS knew that any tax-exempt 501(c)(3) organization which meets this standard is more likely to have a lower rate of filing late returns than other types of entities. This is because a TIN matching service must file every year using Form W-8, with each additional year the IRS reviews its records to determine if they have adequate information to match NRA and tax information to Forms 1099, Forms 5498, and Forms 8320, or for example IRS Forms 1099-MISC (Mental Health Benefits), Forms 9860 (State Income Tax Return, Federal Income Tax Return, and Federal Tax Payment Return, Form 8420), Form 8443 (Employee Identification Number, or EIN) — and not be required to file the Form W-8 each year. If all else fails, your organization can file Form W-2G, Annual Financial Report. When your organization is a TIN matching provider, and you receive a request to perform a TIN Match, you are entitled to a 250 fee, with a 75 charge if you need the services of third-party contractors, and a 100 fee when performing the match yourself, or under some special circumstances.
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