Processing and incorporating reportable PCard and Corporate Credit Card payments into existing processes and procedures for payee TIN certification, withholding and complying with federal and state reporting requirements further increases the information reporting burden on your staff and organization. Developing procedures and processes to identify any reportable card transactions, obtain correct vendor TIN and Name Information, combine internal payments to the same vendors, generate vendor statements, document reasonable cause activities and report to the IRS and state agencies adds additional complexity and costs to an already expensive and risky process!

IRSCompliance.org can help!
IRSCompliance.org provides the services that can assist your organization in the processing of the card transactions, identifying reportable events, soliciting merchants TINs and Names, producing merchant statements, as well as processing and filing the returns as required with federal and state agencies. We can assist in combining the internal payments issued to the same vendors and provide reasonable cause history that is crucial in responding to B-Notices and any eventual TIN Penalty assessments. This service may be tailored to meet your company’s needs and is included in our Premier 1099 Reporting Service. Whether you need all processes or just a few, we can structure the service to meet your needs. Listed below are just a few of tasks that we can assist with:

• Payment Card Transaction Processing and Tracking
• TIN Solicitation
• TIN Matching
• Federal Original and Correction Processing Information Returns- 1098, 1099, 5498, 1042-S, W2-G, W-2, W-2C
• Annual Payee Statements- 1098, 1099, 5498, 1042-S, W2-G, W-2, W-2C
• State Information Returns
  • Direct State
  • Resident and Non- Resident Returns
  • Current Year Quarterly Returns
  • Independent Contractor
• B-Notice Processing and Production
• TIN Penalty Processing
• Transmitter and Hosting services available