Efficiently Request Form W-9 From Vendors Online With TaxBandits

ROCK HILL, SC / ACCESSWIRE / April 6, 2023 / Requesting and gathering information from vendors and independent contractors is a crucial part of a business’s IRS filing process. However, it is a part of the process that often gets overlooked or avoided because it can be time-consuming and tedious.

Streamlining the Outdated Form W-9 Process

Form W-9 is used to request taxpayer information, specifically, the Taxpayer Identification Number (SSN or EIN). Traditionally, businesses have printed paper copies of this form and made the request to their vendor by fax or mail. This often results in a time lag in receiving important information, never receiving it, or receiving incorrect information with no way of knowing it.

Businesses Request Form W-9 Instantly

TaxBandits eliminates the administrative time wasted on this process by bringing it completely online. With TaxBandits, businesses can easily enter their vendors’ names and email addresses and request W9 via email. This can be done in bulk, or one request at a time.

Vendors Complete and Submit W-9 in Minutes

Once the vendor receives the email, they will be prompted to complete the W-9 using the secure TaxBandits portal and provide their electronic signature. Once completed and signed, the vendor can submit the W-9, and they will also receive their own copy.

Businesses Accept and Store Form W-9 Information

Once the vendor has submitted their W-9, the business will be notified by email. They can even set their preference for notifications. The business can review and either accept or reject the W-9 as needed.

Simplify Year-end 1099 E-filing

Having this information stored securely in their TaxBandits account is a great benefit when it comes time to file 1099s for these vendors at the end of the tax year. The TIN that the vendor provided can be pulled when filing 1099 Forms. This eliminates both the administrative time wasted in requesting the information and the last-minute stress of gathering the information to file 1099 forms.

The TaxBandits team has updated their online W-9 process to be even easier and more efficient. To get started, create a free account today at www.taxbandits.com.

When asked about the TaxBandits W-9 process, Agie Sundaram, the CEO and Co-founder of SPAN Enterprises, the parent company of TaxBandits, responded stating, “The TaxBandits team is always expanding and improving the features and forms that we offer, this is what has made us an industry leader. We offer a complete solution for businesses and tax professionals, and a seamless option for requesting W-9s is a key component of this.”

About TaxBandits

The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099 Form, Form W2, 1095-B, 1095-C, 940, 941, and W-9, serving businesses, service providers, and tax professionals of every shape and size.

About SPAN Enterprises

Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.

The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

For any media inquiries, please reach out to Stephanie Glanville, Content Writer at [email protected].

SOURCE: TaxBandits