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Why are TINs important to provide?

TINs
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Why are TINs important to provide?

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It is necessary to tell the IRS a vendor’s TIN if the vendor or the transaction is tax reportable which is frequently the case. Even for those that are not reportable, the TIN is essential for determining whether the vendor already exists in the database. Knowing the TIN will help to reduce the risk of entering duplicate vendors into the system.

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