Thank you Lisa! That's what I initially saw and then thought anyone could do it. I think you're right after trying to get approved. I ran into a snag. I appreciate your time in looking into this and posting a response.
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Original Message:
Sent: 1/10/2023 8:23:00 AM
From: Lisa Cathcart
Subject: RE: 1099 Verification software
Good morning Ed and Kenneth!!
After doing research myself with the IRS, it looks like you need to be approved to use their TIN Verification by being a CPA / Tax Accountant.
I have attached the link below for further review.
Taxpayer Identification Number (TIN) Matching
| Irs |
remove preview |
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| Taxpayer Identification Number (TIN) Matching |
| New Sign-In Options Now Available E-Services transitioned to a new sign-in system that requires new users to register or sign in with ID.me, the current IRS credential service provider. Existing e-Services users may continue to sign in with an active IRS username and don't need to take any action at this time. |
| View this on Irs > |
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Lisa Cathcart
Cohen Closing & Title, LLC
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Original Message:
Sent: 01-09-2023 12:53
From: Edwin Generes
Subject: 1099 Verification software
Hi Kenneth,
Even though IRS doesn't list the 1099-S as an eligible file type, IRS will accept and respond to 1099-S submissions.
Ed
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Edwin Generes
Edwin G. Generes
Covington LA
+1 (985) 445-1183
ed@generes.biz
Original Message:
Sent: 01-06-2023 14:12
From: Kenneth Kirkner
Subject: 1099 Verification software
Edwin, Hi! Do you have any idea why the IRS doesn't allow the use of their service with 1099-S forms? I have reviewed all of the posts in this thread and followed a few of the links, did some research on my own and it looks like 1099-INT, DIV, PATR, OID, 1099-K, MISC forms are taken.
I'd love to know how we could do our own TIN matching.
Thank you!
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Kenneth Kirkner
Director of Product Management
Truly Title, Inc.
Plano TX
+1 (610) 343-1548
Original Message:
Sent: 12-28-2022 17:49
From: Edwin Generes
Subject: 1099 Verification software
Hello Kelly,
By "1099 Verification software," I assume you mean a way to verify that the TIN given by the taxpayer (seller) matches the name of the seller. IRS refers to this process as "TIN Matching." For this issue, the matter is not in any software but with the actual person who files for the TIN matching. In order to qualify to file TIN Matching, you need to apply to IRS as a "tax professional." See https://www.irs.gov/e-file-providers/efile-for-tax-professionals for details.
If you are a CPA or other enrolled accounting professional, you should apply to IRS for this.
The really fun part of TIN matching is figuring out why the information doesn't match. IRS only tells you if the name/number combination don't match or that the TIN has never been issued by IRS. The rest is up to you!
I, through my firm, Generes & Associates (https://www.generes.biz/1099s-services ) has been offering this service for several years and can handle Qualia and many other platforms out there. We started offering TIN matching when IRS began fining settlement agents for filing incorrect 1099-S returns. This year, the fine is about $280.00 per return. Over the years, we've undoubtedly saved our customers 10's or 100's of thousands of dollars in penalties and a lot of extra work.
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Edwin Generes
Edwin G. Generes
Covington LA
+1 (985) 641-3490
ed@generes.biz
Original Message:
Sent: 12-27-2022 10:56
From: Kelly Cohen
Subject: 1099 Verification software
Hi folks. Wondering if anyone has a 1099 software verification program they use and would recommend. I am currently using Qualia as our title software, however they do not have a built-in platform to verify social security numbers for the purpose of 1099 filings. Any recommendations on a software platform that would tackle this task would be appreciated. Thanks all!
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Kelly Cohen
President
Cohen Closing & Title, LLC
Bedford NH
+1 (603) 488-0649
kroosacohen@cohenclosing.com
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