Our office uses BASELoad and W-9 Corrections to review provider’s W-9 information for discrepancies between what we have been provided and what is registered with the IRS. We have utilized this service for several years and have found that our 1099-MISC form returns have been drastically reduced. Our returned mail for incorrect addresses on our 1099-MISC forms has declined and we did not receive a CP-2100A notice for any incorrect filing last year. The staff at BASELoad responds quickly and efficiently to any information or requests and have made what could be a difficult time each year much less stressful.
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.