Airbase requests tax ID information for the following reasons:
- To generate taxable forms for tax reporting purposes, such as 1099 reporting.
- To verify the vendor’s Taxpayer Identification Number (TIN), legal name, and address.
- To comply with internal policies and regulations.
- To confirm that the vendor is not subject to backup withholding.
U.S.-based vendors who do not wish to submit W-9 and tax ID information can ask their customers to mark the requirement for W-9 and Tax ID information as optional.