How do I fill-out my tax forms? Please complete the tax form as an individual or company with the “Name” field and Taxpayer Identification Number (TIN) that matches your tax return. The type should be based on who is legally receiving payments for tax reporting purposes. If you are filling out the form as individual, please put your personal legal name in the first “Name” field as appears in the tax return and fill out your Social Security Number (SSN). If you are filling out the form as company, please put your business legal name in the first “Name” field (not your personal name) as appears in the tax return and fill out the business Employer Identification Number (EIN).
Does Tipalti verify the accuracy of information in my tax forms? Yes - TIN validation verifies that the combination of the Tax Identification Number (TIN) and Legal Name for the TIN matches the IRS database. The Tax Identification Number is either a Social Security Number (SSN) or business Employer Identification Number (EIN). Tipalti validates the information entered in the W-9 Form against the IRS database within 24 hours of submitting the tax form. If the combination of TIN and Legal Name is not validated, you will receive an email from Tipalti within 24 hours to re-submit your Tax Form. This validation process ensures that we have accurate information on file for year-end tax reporting.
Can I update my tax forms if my tax filing information changed? Yes - you can update your account information at any time, including tax form details. To update the information, log in to your Tipalti account and navigate to the “Payment Details” tab on the left hand side of your screen.