IRS Payer Setup

Overview of IRS07

With regard to the IRS, the Payer is the organization that paid the interest to the payees. At least one Payer must be set up in order to generate reports from the IRS Reporting System.

• From the DDI Connect main menu, double-click IRS Reporting System
• Double-click Setup
• Double-click Payer Setup. You will see a screen similar to this one:

To add a new Payer record, click the New button on the toolbar. The fields will now enable for editing:

You have the following fields available:

Field	Description
Tax ID	Enter the Tax ID for the payer. This is a required field
Combined filer?	If your organization participates in the Combined Federal/State Filing Program, select this box. If not, leave it unchecked
Name 1	Your organization's name
Filed last year?	If you filed last year, select this box
Name 2	If your organization is a transfer agent, then Name 2 should be the transfer agent's name
Transfer agent?	If your organization is a transfer agent (submitting payer files for other organizations), select this box
Address	Example
City	Example
State	Example
Zip	Example
Contact phone	Example
Control name	Example