Tag: irs tin matching

January 19, 2022

The Importance of TIN in Customer Due Diligence (CDD) & How To Verify It?

A simple yet powerful tool that enables you to verify the tax and regulatory compliance status of entities and individuals, TIN matching primarily enables businesses

January 10, 2022

Tremendous Time Savings with Compliancely Real-Time TIN Match Automation

When your business receives CP2100 and CP2100A notices from the IRS with a $260 penalty for every incorrect TIN you have reported for a tax

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

November 19, 2021

How Compliancely’s Real-Time TIN Matching Solutions Power 1099 Vendor Onboarding Processes

Often, businesses are onboarding vendors to accommodate the pressing operational requirements of the business entity. Be it design, construction work, or web development. If you

November 15, 2021

5 Signs Your Business Needs A Real-Time TIN Matching System

IRS forms have a dedicated box or field that specifically reports the taxpayer identification number (TIN) or employer identification number (EIN) or ITIN. When businesses

November 08, 2021

How Businesses Can Improve Efficiency With Compliancely’s Real-Time TIN Matching

When businesses want to onboard new profiles or when banks want to optimize their internal assessment processes to strengthen their protocols, the focus shifts from

September 15, 2021

What is a TIN Match and How Do Businesses Confirm If A TIN Is Valid?

When onboarding customers, vendors, partners, recruits, and other profiles, business entities use a prescribed set of identification methods to identify and verify the credibility of

September 08, 2021

Top 5 Signs Your Business Needs Real-Time TIN Matching

There are many things that businesses can afford. Assets, cryptocurrencies, budget for advertising, and so on. But penalties are not one of those things. If

September 03, 2021

Gig Economy Companies Can Benefit From Compliancely Real-Time TIN Matching Service

As small businesses are making their way into mainstream industries, the gig economy is brewing with independent contractors, freelancers, and vendors. Businesses sign contracts with

August 11, 2021

Eliminate 80% Of Your Manual Workload by Automating the Entire TIN Matching Process

A taxpayer identification number is assigned to individuals and business entities alike to identify, validate, and verify the real identities of individuals and businesses. TIN