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Tax ID Additional VerificationPrivate preview

Learn how to collect and verify the Tax ID of your users.

Connect dynamically requires onboarding information to keep your connected accounts compliant, but you request additional verifications (AVs) to require your connected accounts to provide certain information for Stripe to verify.

You might be subject to IRS fines up to 310 USD per submission if you file 1099s with incorrect information (for example, name or tax ID mismatches). The Tax ID AV allows you to collect certified tax IDs from your connected accounts throughout the year before issuing 1099s to make sure the appropriate 1099 tax forms use the correct Taxpayer Identification Number (TIN).

The Tax ID AV performs a name and TIN check either at the personal level or business level based on required verification information for taxes.

How it works

The Tax ID AV allows you to enforce the mandatory collection and verification of tax ID requirements for a connected account.

After you add the requirements on a connected account, collect the required information from your connected account according to their Dashboard access.

After Stripe receives the user’s TIN, we compare it with the IRS database to verify it. IRS database confirmation of the TIN satisfies the requirement. No IRS database TIN match with the connected account’s tax details triggers enforcement limits.

You determine when connected accounts must provide a verified TIN and which of the following enforcement limits to impose if the connected account doesn’t provide the verified TIN:

  • Upfront: Block payouts or payments if a verified TIN isn’t on file immediately.
  • Volume: Block payouts or payments if a verified TIN isn’t on file after processing x USD.
  • Time: Block payouts or payments if a verified TIN isn’t on file after x days.
  • Combo: Block payouts or payments if a verified TIN isn’t on file after x days or after processing x USD.

Get started

Stripe’s Tax ID Additional Verification is in private preview for US users. To request access to the preview, reach out to your account team or contact Stripe for more information.