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Why is it necessary for using departments to obtain a vendor’s Federal Tax Identification Number?

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Why is it necessary for using departments to obtain a vendor’s Federal Tax Identification Number?

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10

The University is required by the Internal Revenue Service (IRS) to report all vendor payments to that agency for tax reporting purposes. The using department must enter the vendor’s Federal Tax Identification Number on FRS Screen 251, “Requisition Text.” No requisition will be processed into a purchase order if the vendor’s Federal Tax Identification Number is not provided.

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