Automate W-9 collection and TIN storage for new vendors

domain: tax-general · 5 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. When onboarding a new payable vendor, send them a W-9 collection link via a compliant e-signature or tax form platform (such as Docusign, HelloSign, or a dedicated TIN collection service)
  2. Upon form completion, extract the legal name, TIN (SSN or EIN), entity type, and certification signature from the returned document
  3. Store the TIN in encrypted form in your vendor database, recording the date of collection and the form version
  4. Run the TIN through IRS TIN Matching (available via the IRS e-Services portal) before the first payment to confirm the name-TIN combination is valid
  5. Set a reminder to re-collect a W-9 if the vendor's legal name or TIN changes, or if you receive an IRS B-Notice for that payee

Known gotchas

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