
Save time by automating B-Notice handling and processing with TIN compliance software. Avoid errors by comparing information in payees’ records and generating deadlines dates.
Vendor
Thomson Reuters
Company Website
Automated software solution for your B-Notice handling and processing
TIN compliance can eat up a lot of your team’s time and energy, and it’s easy to miss errors in payees’ records. With the optional TIN compliance add-on, Thomson Reuters ONESOURCE Tax Information Reporting software automates B-Notice handling and processing, saving time and helping you stay compliant no matter how many payees you manage. Create a separate B-Notice record for each unique combination of TIN, name, tax year, and payer. Automatically generate return deadline dates, first and second B-Notices, and any substitute W-9 forms. Plus, you can compare your information to what is in the IRS payee record, which helps cut down on B-Notice errors.
Features
- **Flexible data entry: **Enter B-Notices manually or import the information using CP2100/B-Notice CD from the IRS.
- **Compliant records: **Keep B-Notices on file for the current year plus three previous years, according to IRS rules.
- **Fewer penalties: **Match 972CG penalty notices to TIN history and B-Notice data, to help you abate fines whenever possible.