Verifying vendor TINs

April 6, 2021
April 6, 2021


Q. How does AP verify vendor TINs for 1099 purposes? A. (Addressed by Debra Richardson, a third-party Vendor Master File Advisor: Debra's independent advisory services firm offers experienced and practical help to financial operations professionals on vendor master file issues.) Verifying that the Vendor Legal Name + Tax Identification Number matches IRS TIN Records is a best practice for onboarding and maintaining vendors.  Validation should be done…

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