Are Social Security Numbers (SSN) or tax payer identification numbers (TIN) required on payment requests (Disbursements, Travel & Business, etc.)?
Yes, a SSN is required on all payment requests submitted to Payment Processing. The SSN is required by the Internal Revenue Service (IRS) for tax reporting purposes only. IRS Publication 1281, A Guide to Backup Withholding on Missing and Incorrect Names/TINs states that the University must withhold 28% of certain taxable payments if the payee fails to furnish a correct SSN or taxpayer identification number (TIN).
Related Questions
- Are Social Security Numbers (SSN) or tax payer identification numbers (TIN) required on payment requests (Disbursements, Travel & Business, etc.)?
- I do not have a Social Security number or a U.S. tax payer identification, am I affected by BNY Mellons second notification?
- How did Vemma get the "Name" and "Social Security Number/Tax Identification Number" (SSN/TIN) for the 1099-MISC?
