What happens if I choose to ignore this B-Notice or if my claim is settled and I do not anticipate doing business with Zurich any more?
Tins for which we receive no B-Notice response are transferred to an electronic file. If a 1099 reportable payment is made by Zurich in the future to a payee whose TIN is in the file, withholding will be triggered. TINs cannot be removed from the backup withholding file until the required documentation is received by Zurich’s Accounting Operations Department.
Related Questions
- What happens if I choose to ignore this B-Notice or if my claim is settled and I do not anticipate doing business with Zurich any more?
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