08 October 2019 IRS highlights helpful resources for coping with TIN matching notices and election worker requirements In a news bulletin published October 4, 2019, the IRS explains the circumstances under which it issues Notice CP2100 and Notice CP2100A. These notices provide payers with a list of information returns they have filed that contain missing, incorrect, and/or not currently issued taxpayer identification numbers (TINs). The notices also inform payers that they could be responsible for beginning backup withholding, in compliance with Publication 1281, Backup Withholding on Missing and Incorrect Name/TIN(s). The IRS refers payers to various resources to help them comply with TIN requirements and thus avoid receiving a Notice CP2100:
The IRS reminds payers that compensation paid to election workers is considered income and may be subject to federal income tax, Social Security/Medicare (FICA) tax and certain reporting requirements. To learn more about the reporting and withholding requirements unique to election workers, the IRS refers payers to Election Workers: Reporting and Withholding. This IRS announcement is well-timed as businesses begin considering their year-end activities for 2019. Businesses should consider taking advantage of programs available from the IRS and the Social Security Administration to confirm the accuracy of individuals' taxpayer identification numbers before finalizing their 2019 information returns and statements (e.g., Forms 1099 and W-2).
Document ID: 2019-1787 | |||||||||
