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Tax Identification Number
(redirected from Taxpayer Identification Numbers)

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Tax Identification Number
A number the IRS assigns to businesses and other entities, such as trusts, for tax purposes. While the TIN exists for a variety of reasons, its main function is to ensure that each organization is billed for its own taxes, and not those of another entity with the same name. Social Security numbers serve as TINs for individuals.


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It'll increase the person-hours required to program software, keep records and collect and verify taxpayer identification numbers (TINs).
Any changes that might be needed to Form W-9, Request for Taxpayer Identification Number and Certification, and related rules for soliciting taxpayer identification numbers (TINs), and other concerns regarding identifying payees.
The change would compel them to report all vendor purchases and perhaps have to get taxpayer identification numbers from everyone from whom they buy supplies and equipment.
 
 
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