PEAS - 2TIN-NOT

Incorrect Tax Payer ID Number
This common code is useful when documenting the receipt of an IRS notification that a vendor (PE ID) is reporting under an incorrect Tax Payer ID Number (either a TIN or SSN). Through the creation of this common code, record the receipt of these notices within the PE Information (PEUPPE) Page, Associations tab. This common code defines a Code of "2TIN-NOT" to be displayed within the field's drop-down list.
Documentation of these notices is helpful as the receipt of 2 notices within three years requires the placement of an "X" within the qualified vendor's 1099-MISC form. Visit the IRS website for additional details on payee duties when reporting miscellaneous income disbursed to qualified vendors. Additional Association Codes may be defined for documenting other actions taken to correct the reported TIN/SSN. See PEAS / XXXX for potential Associations to implement.
Code Category: PEAS
Code Value: 2TIN-NOT
Short Description: Not required.
Medium Description: Used to describe the common code.
Long Description: Used to describe the common code.
Associated Numeric Values, Associated Codes, Associated Description
1-5: Reserved for future use.