Difference between revisions of "Validating Vendor Tax ID"
From AYSO Wiki
(Created page with "It is important to validate each vendor's tax ID prior to making any payments. more coming soon") |
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| − | + | Please send all W-9's to AYSO Office via email to [Mailto:finance@ayso.org finance@ayso.org] prior to paying new vendors and independent contractors. Request for the vendor's tax ID to be validated. | |
| − | + | * AYSO office can usually provide an answer within 24 business hours | |
| + | * Save time at year end | ||
| + | |||
| + | * Ensure all vendor Tax IDs match IRS records | ||
| + | * Reduce the possibility of required tax withholdings for vendors (independent contractors) | ||
| + | |||
| + | ===Why is it important to Validate a Vendor's Tax ID?=== | ||
| + | The IRS requires backup tax withholding for all vendors that do not have a valid Tax ID. Let's avoid this extra work by validating the Tax ID upfront. | ||
Latest revision as of 21:04, 2 February 2023
Please send all W-9's to AYSO Office via email to finance@ayso.org prior to paying new vendors and independent contractors. Request for the vendor's tax ID to be validated.
- AYSO office can usually provide an answer within 24 business hours
- Save time at year end
- Ensure all vendor Tax IDs match IRS records
- Reduce the possibility of required tax withholdings for vendors (independent contractors)
Why is it important to Validate a Vendor's Tax ID?
The IRS requires backup tax withholding for all vendors that do not have a valid Tax ID. Let's avoid this extra work by validating the Tax ID upfront.
