We’ve used BASELoad for our 1099 processes for 7 years and they’ve been great to work with. Their service takes much of the 1099 work off our staff, which helps us out tremendously. We would not want to go back to the old in-house processes we used to use.
WORKING WITH W-9 CORRECTIONS
Submitting a W-9
Why did I receive a W-9 in the mail?
W-9 Corrections is contracted by Third Party Administrators (TPA) and other entities to help manage their 1099 files before it is time to file with the IRS. According to the companies that have retained W-9 Corrections, the Tax Identification Number (TIN) and Name on their records, do not match the IRS’s record. Therefore, they are requesting a copy of your W-9 to help correct their files.
What company is requesting this information?
The company requesting a copy of your W-9 would be an entity that is required to file 1099s annually. Please refer to your letter to see the specific company that is requesting a copy of your W-9.
What should I do with the W-9?
You should complete the W-9. Then return the completed W-9 to W-9 Corrections by way of:
- Electronically filling in your information here. Then, you can upload a copy of your W-9 on the same page (PDFs Only).
- Faxing the W-9 to: (803) 909-8539
- Mailing the completed W-9 to: 498 Lakeshore Parkway, Rock Hill, SC 29730
What happens if I do not respond to my request of a W-9?
If the TPA does not receive a valid copy of a W-9 or obtain your verified TIN and Name after a request has been made, you may be subject to backup withholding at a rate of 24% according to publication 1281 as published by the IRS.