Podcast B-Notice Management
Tax1099.com provides robust features for accountants. We have listened to feedback from accountants using our service for the past two years and have added several features to benefit them.
When you receive notification that you filed an incorrect TIN for a vendor, you will need to send the vendor a B-Notice. This process involves sending a letter to the vendor, collecting W-9 information, and maintaining a record of which vendors you’ve had to send B-Notices to. If you receive a second notification of an incorrect TIN for the same vendor within a three-year period, you will follow a slightly different process.
Our Notice Management Tool offers a template in the proper format, to download and use to send out to your recipient in response of the B-Notice received by the IRS. We will also collect the W-9 information and apply updates to the vendor’s record automatically with our W-9 e-Solicitation process. You can easily track if this is the first or second B-Notice received for a specific vendor.
Managing the B-Notice process with us allows you to maintain all of your relevant vendor information in one place.
Contact us to be added to our list of customers wishing to be notified when this feature is available.