Definitions

Definition of Filer and TCC Holder

Filer (Issuer):
The person or organization who paid the money and is responsible for filing its 1099s to the IRS. Only the FILER can receive penalties, such as late filing penalties. There is no need for a TTC number if the FILER files to the IRS on paper forms (Federal Copy A which must be pre-manufactured "red lined" IRS scanner ready forms).

To enter the FILER information, click on the OPTIONS Menu, then click "Filer/Company Information" (or click the FILER Button). Click the Re-Populate TAB to recall or duplicate previously typed Filer information.

TTC Holder (or Transmitter):
A person or organization who holds the 5 character Transmitter Control Code (TCC), and handles e-Filing to the IRS, for itself and/or other filers or companies. The TCC Holder is the person or firm who sent in form 4419 application for a Transmitter Control Code, (TCC). Always enter the TCC Holder's TIN (not necessarily the Filers TIN) when entering this information.

To enter the TCC Holder information, click on the OPTIONS Menu, then click "TCC Holder Information" (or click the TCC Holder Button). Click the Re-Populate tab to recall or duplicate previously typed TCC information.

If you have multiple filers, designate only one organization as the TCC Holder. Multiple TCC's are not necassary as it is against IRS policy. Doing so will make it very difficult to tract future results. Having one TCC will make it possible to track all companies filed on one IRS "File Status Screen".

Payee (Recipient):
The person(s)/Organization(s) recieving a 1099/W-2 (or other forms) from a Filer. (Also known as a Contractor or Record)