“Know Your Customer” Procedures

December 19, 2017

For 2018, these “know your customer” procedures are being put in place that include the following questions:

  • The name and SSN of the company executive authorized to sign the corporate tax return. Is this person authorized to sign the return?

  • Payment history – Were estimated tax payments made? If yes, when were they made, how were they made, and how much was paid?

  • Parent company information – Is there a parent company? If yes, who?

  • Additional information based on deductions claimed

  • Filing history – Has the business filed Form(s) 940, 941 or other business-related tax forms

 

 

https://www.irs.gov/newsroom/national-tax-security-awareness-week-no-5-small-businesses-be-alert-to-identity-theft

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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