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Easily Request Form W-9 Online From Your Vendors With TaxBandits' Streamlined Process

By: TaxBandits via AccessWire

August 20, 2021 at 10:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

ROCK HILL, SC / ACCESSWIRE / August 20, 2021 / With the upcoming year-end tax season looming on the horizon, it is never too early to start planning ahead for the filing of 1099 Forms. One way that businesses and individuals can stay ahead of their IRS filing requirements is by requesting the Form W-9 from their vendors.

This Form W-9 allows businesses to collect the crucial Taxpayer Identification Number and other information needed from their vendors (most often referred to as independent contractors) that they do business with. Without this information, successfully filing a Form 1099 with the IRS is impossible.

In the past, requesting a Form W-9 from an independent contractor or another business was a lengthy process that involved mailing or faxing the Form W-9 to the recipient and waiting for them to complete it, sign it, and mail or fax it back. With any mistakes or missing information on the form, this process could easily stretch out for weeks.

To solve this problem, TaxBandits created a streamlined process for requesting Form W-9 in the digital age. Any business owner with a TaxBandits account can easily request a Form W-9 from their independent contractor or vendor by providing their email address. TaxBandits will automatically send the recipient an email prompting them to complete, and e-sign Form W-9 through TaxBandits. Then, the business owner is notified accordingly. Now, both the business owner and independent contractor can access the Form W-9 at any time.

TaxBandits offers features that are specifically designed to help your business save more time by requesting Form W-9 efficiently. With our bulk upload template, business owners that need to request multiple forms from multiple vendors can do so at once. TaxBandits clients can select the TIN Matching service to validate their contractors' TINs to ensure accurate filing down the road.

This streamlined process doesn't end with the Form W-9, TaxBandits also offers a simple solution for filing Forms 1099-NEC at the end of the tax year. Clients can use the information collected on Form W-9 to generate Forms 1099-NEC for each of their independent contractors. In addition to e-filing Forms 1099, TaxBandits also offers postal mailing and online access options for recipient copies.

When asked about the Form W-9, Agie Sundaram, CEO, and Co-founder of SPAN Enterprises, the parent company of TaxBandits stated, "Form W-9 is often overlooked, when it is actually a crucial part of maintaining your IRS compliance. With TaxBandits employers can complete this process in minutes and have all the information they need in one central location when it comes time for year-end filing."

Business owners can begin requesting Form W-9 electronically by creating a free account at www.taxbandits.com. TaxBandits also offers an advanced API solution for Form W-9 that includes TIN Matching and e-filing 1099 Forms with the IRS. Visit developers.taxbandits.com to learn more about the TaxBandits API solution.

About SPAN Enterprises

SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN enterprises proves that big ideas grow in small towns. With existing Business Management and E-filing Applications such as TruckLogics and ExpressTruckTax and newer additions like PayWow and 123PayStubs, SPAN Enterprises is at the forefront of innovative applications. Learn more at http://www.spanenterprises.com.

CONTACT
Stephanie Glanville
704.684.4751

SOURCE: TaxBandits

View source version on accesswire.com:
https://www.accesswire.com/660685/Easily-Request-Form-W-9-Online-From-Your-Vendors-With-TaxBandits-Streamlined-Process

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