Welcome to TINCheck PVS
The One-Click Solution to Mitigate AP Risks.
The IRS has announced that it will be actively enforcing accounts payable compliance initiatives. This has made it crucial for AP departments to perform their due diligence on payees. Without this due diligence, a payer is leaving themselves exposed to possible IRS penalties and other federal and state criminal and monetary sanctions. Until now, companies had to manually cross-check dozens of different places to adequately validate a payee. TINCheck provides a single interface where payers can properly validate payees with a single click. TINCheck automatically performs the necessary checks and returns the result within seconds.
- IRS TIN/Name Combination Matching: This verification process ensures that
payers file accurate payee TIN/Name combinations reducing or eliminating yearly
IRS TIN/Name discrepancy penalties (B-Notices, CP2100(A)s, 972CGs). The IRS can
assess penalties of up to $250,000 ($100,000 for small business) for
non-compliance. In the event of intentional disregard, there is no limit.
- OFAC-SDN & OFAC-PLC List Verification: Unlike IRS penalties for TIN/Name
discrepancy, payers neglecting to verify the Office of Foreign Assets Control (OFAC) lists open themselves up to
civil as well as criminal penalties. OFAC non-compliance carries
civil penalties of up to $1,000,000 per violation plus criminal fines of up to
$10,000,000 and imprisonment ranging from 10 to 30 years.
- Address Validation: Automatically validate a address
(if provided) using the USPS Address Validation and Normalization Database to
insure the most accurate and up-to-date address information.
- Additional Verifications: Including state and local banned
patron lists for casinos and other various lists.
- Web Service: TINCheck can be used interactively from this
website or scripted using our simple web service. This allows payers to
build-in any of TINCheck's validations directly into their existing
applications.
It is important for payers to have a process in place to eliminate
risks. TINCheck provides payers with a simple, single interface to perform
their due diligence. Don't risk being out of compliance, register today.
Copyright 2009 by TINCheck LLC, All rights reserved.
