What happens if I do not report my TID?
All merchants must comply with the 6050W reporting
mandate to avoid penalties. Merchants who fail to
provide updated information regarding their
Taxpayer Identification Number could be subjected
to backup withholding at a rate of 28% on their
gross sales effective January 2012. The backup
withholding garnishment would be sent to the IRS
and only be made available from the IRS by filing
your tax return.
Submit an updated W9 form now with our secure,
electronic W9 form, which provides Central Payment
with all the information required. Or Contact
Central Payment’s Customer Service department.
You’ll be asked to fill out
this W9 form and email it
or fax it (866-422-2349) to CPAY.