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#1623432 - 11/02/11 04:15 PM IRS TIN Matching Program
J2C Offline
Diamond Poster
Joined: May 2004
Posts: 1,475
Big Brother knows and that's a...
Do any of you use the IRS TIN matching program to verify SSN? I'd be interested in hearing how or what you are using it for....
My opinion is mine only- not my employer's!

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#1623458 - 11/02/11 04:24 PM Re: IRS TIN Matching Program J2C
Doug Hendrickson Offline
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Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
Yes. We use the interactive matching to verify SSNs for all interest-bearing deposit accounts that are established. This ensures that we are titling the account in such a way that it will match the IRS/SSA records when we file 1099s. This way we can catch any problems before they become 1099 issues.

I've also used the batch matching for existing accounts with some success, but I'm trying to refine my selection to only accounts that would qualify for the 1099.
I hear and I forget. I see and I remember. I do and I understand.--Confucius

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#1623484 - 11/02/11 04:51 PM Re: IRS TIN Matching Program Doug Hendrickson
AnnRoy Offline
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Joined: Jun 2002
Posts: 771
Can it used to verify SSNs at account opening?

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#2053374 - 12/09/15 07:26 PM Re: IRS TIN Matching Program J2C
*W*W* Offline
Platinum Poster
Joined: Feb 2010
Posts: 835
This is an old thread, but I'm bumping this question. I have a new employee using this at account opening. Anything I need to be aware of if we choose to continue this practice? I'm not familiar with it.
Live Like No One Else!

Opinions expressed are my own and do not reflect the views of my employer.

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#2053453 - 12/09/15 11:02 PM Re: IRS TIN Matching Program J2C
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 79,352
Galveston, TX
If you are using this to verify SSNs for non-interest bearing accounts (you can only use the program if you are going to be doing IRS reporting) then you are in violation of the IRS program agreement.
The opinions expressed here should not be construed to be those of my employer:

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