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Non US Tax ID in quickbooks

 

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Subject Author Date
Non US Tax ID in quickbooks Olga 06-24-2007
Posted by Olga on June 24, 2007, 10:54 pm
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Hi,

I had a project done by a company in india and they send me an invoice with
their tax id number.
I paid them but then I realized that their TaxID number was in the form of
xxxxxx/c/xxxx where c is a character.
I tried to input that in quickbooks and i got the error message "invalid
format".

Do you think that this will be a problem when reporting 1099s to the IRS?
How will manage to enter the tax id into the 1099 for them? The amount is
over $5000.

I will appreciate any help I can get!
Olga



Posted by Laura on June 25, 2007, 2:25 pm
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I would check with your accountant. If this is an Indian company then a 1099
is probably not necessary but there might be another form that you need to
send in its place.

> Hi,
>
> I had a project done by a company in india and they send me an invoice
> with their tax id number.
> I paid them but then I realized that their TaxID number was in the form of
> xxxxxx/c/xxxx where c is a character.
> I tried to input that in quickbooks and i got the error message "invalid
> format".
>
> Do you think that this will be a problem when reporting 1099s to the IRS?
> How will manage to enter the tax id into the 1099 for them? The amount is
> over $5000.
>
> I will appreciate any help I can get!
> Olga
>
>


Posted by Golden California Girls on June 25, 2007, 10:47 pm
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Yes like, http://www.unclefed.com/IRS-Forms/2001/f902256.pdf

And you need to know if they should have given you an IRS reporting number
rather then their home country's number. But you also need to know if you must
report it to India on some Indian Government form.

Laura wrote:
> I would check with your accountant. If this is an Indian company then a
> 1099 is probably not necessary but there might be another form that you
> need to send in its place.
>
>> Hi,
>>
>> I had a project done by a company in india and they send me an invoice
>> with their tax id number.
>> I paid them but then I realized that their TaxID number was in the
>> form of xxxxxx/c/xxxx where c is a character.
>> I tried to input that in quickbooks and i got the error message
>> "invalid format".
>>
>> Do you think that this will be a problem when reporting 1099s to the IRS?
>> How will manage to enter the tax id into the 1099 for them? The amount
>> is over $5000.
>>
>> I will appreciate any help I can get!
>> Olga
>>
>>
>

Posted by Raoon Kundi on July 5, 2007, 1:49 am
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Are you sure?

That form says ...
Suspicious Activity Report by Money Services Business


> Yes like, http://www.unclefed.com/IRS-Forms/2001/f902256.pdf
>
> And you need to know if they should have given you an IRS reporting number
> rather then their home country's number. But you also need to know if you
> must report it to India on some Indian Government form.
>
> Laura wrote:
>> I would check with your accountant. If this is an Indian company then a
>> 1099 is probably not necessary but there might be another form that you
>> need to send in its place.
>>
>>> Hi,
>>>
>>> I had a project done by a company in india and they send me an invoice
>>> with their tax id number.
>>> I paid them but then I realized that their TaxID number was in the form
>>> of xxxxxx/c/xxxx where c is a character.
>>> I tried to input that in quickbooks and i got the error message "invalid
>>> format".
>>>
>>> Do you think that this will be a problem when reporting 1099s to the
>>> IRS?
>>> How will manage to enter the tax id into the 1099 for them? The amount
>>> is over $5000.
>>>
>>> I will appreciate any help I can get!
>>> Olga
>>>
>>>
>>
>



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