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Lookup Type: WITHHOLDING STATUS

Product:	PO - Purchasing
Meaning:	Withholding status used in process payments to 1099 vendors
Description:	Withholding status used in process payments to 1099 vendors

Quick Codes

Code	Meaning	Description
EXEMPT	Exempt	Vendor is not subject to withholding
INCORRECT TIN	Incorrect TIN	IRS informs of incorrect TIN. Begin withholding in 30 days, unless notified
IRS WITHHOLD	IRS Withhold	IRS requests immediate withholding
MISSING TIN	Missing TIN	Begin withholding immediately
WAIT 60 DAYS	Wait 60 Days	Wait for 60 days for vendor to send TIN, then automatically begin withholding
WAIT INDEFINITELY	Wait Indefinitely	Wait for TIN, but do not begin withholding