Category: TIN

January 12, 2022

What is the Importance Of Tax Exempt Organization Search (TEOS)?

The IRS provides certain provisions to reduce the tax burden on taxpayers if they make certain contributions to non-profit organizations, and specifically, charitable organizations, which

January 05, 2022

The Mechanism of TIN Matching: Why Do Businesses Need TIN Matching?

As businesses evolve, the need to comply with regulatory reporting accelerates. Compliance allows businesses to maintain good standing with the federal agencies, enabling them to

December 13, 2021

What is a Tax Identification Number (TIN)?

In 2021, social security numbers identify individuals, their legal status, nationality, and more. Even businesses are required to register themselves with the Social Security Administration

December 10, 2021

The Rise Of Real-Time Identity Verification in Micro-Merchant Economy

Micro-merchants, as we know, are micro-business owners who typically sell goods or services at a lower value than the typical margin in the market. Think

December 03, 2021

The Importance of Form W-9 To Get Vendor Taxpayer Identification Number (TIN)

Businesses work with vendors and freelancers to distribute additional work and deliver more. Sometimes, businesses work with independent contractors because employed workers could become expensive

September 01, 2021

Independent Contractor Hiring Checklist For Businesses

Running a business is hard. But know what else is hard? Doing everything yourself. This is why many business resource experts recommend hiring extra resources,

August 30, 2021

Red Flags For Potential OFAC Violations

The Office of Foreign Asset Control, or commonly known as OFAC is a financial intelligence and enforcement agency of the U.S Treasury Department. The regulatory

July 29, 2021

What is Customer Due Diligence (CDD)?

As businesses onboard new customers, vendors, clients, and partners, regulatory compliance becomes more urgent, forcing the businesses to resort to band-aid identification practices, which initially

July 27, 2021

Difference Between ITIN, SSN, and EIN

4 Simple (Yet Very Important) Differences Between ITIN, SSN, & EIN That You Need To Know When the social security act was introduced by the