Question:
One of our accounting team members asked for help. Her startup client was having trouble getting paid by their customers.
The customers couldn't match the startup's Employer ID Number (EIN) to their company name and address. Our client was asking if she should share the cover page of her income tax return to fix this issue.
Answer:
I've seen this before when a company uses a Doing Business As name that's different than their legal name.
The name and address they give customers must match the CP 575 form exactly. This is the form the IRS sends when assigning an EIN.
If it doesn't match, the IRS may send a notice CP-2100a. This prevents the customer from making payments.
Instead of sharing part of their tax return, I suggest creating a W9 form. This has the key details like EIN and legal business name without sharing sensitive financial details.
Please provide a few details about yourself before accessing this resource
Subscribe to receive the latest expert-guided articles, playbooks and tools geared towards accounting, tax, finance and people ops for startups.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
Partner with us to simplify your back-office and focus on what matters most: growing your business.
