See IRS Publication 1281, Backup WithholdingВ on Missing and Incorrect TIN(s). Utilizing thisВ service improves the accuracy of the vendor master database. TIN Matching reduces theВ potential of backup withholding errors, penalty notices and the error rate in TIN validation. The TIN Matching process compares the information provided on the OSC SubstituteВ W-9, IRS Form W-9 or IRS W-8 type forms (name and TIN) with IRS records. Tax Identification Number (TIN) Matching is an Internal Revenue Service internet-based pre-filing e-service thatВ allows authorized payers the opportunity to match 1099 payee information against IRS records prior to filingВ information returns. All other tax information reporting is the sole responsibility ofВ each agency. Each agency is responsible for filing any amendments related to theВ original 1099 filing and issuing all related tax deposits.

The centralВ processing agency, NC Office of the State Controller (OSC), will submit the electronic 1099-MISC file to the IRS and theВ NC Department of Revenue in a timely manner. This policy outlinesВ responsibilities for the central processor and individual agencies to comply with IRS requirements.

Linda Combs, State ControllerДЄgencies are to comply with the Internal Revenue Service (IRS) rules regarding compliance with taxВ information reporting, вЂњBвЂќ notices, backup withholding and making timely deposits with the IRS.

What does osc stand for