It’s the time of year when companies begin receiving CP2100 and CP2100A notices from the IRS. These notices inform the filer of missing or incorrect taxpayer identification numbers. The notices may result in penalties.
Why am I getting this notice?
If the vendor-TIN combination is incorrect, the IRS might send you a CP2100A or CP2100. The IRS sends the CP2100A to those with 250 or fewer incorrect forms. The CP2100 is served to those with more than 250 incorrect forms. The notice includes a list of missing and incorrect TIN’s.
What do I do next?
How do I prevent this situation?
One of the most common filing errors occurs with small businesses. Some of these small businesses may have a DBA, a “doing business as” name. In some cases, the DBA should not be used. Rather, the filer should place the legal name of the owner on the form.