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Tax Form Validator (TFV)December 2016
What is the TFV?The TFV is a web-based means of validating the IRS Forms W-8 and W-9, and CRS self-certifications, you receive.
Who needs it?Any company that receives US tax forms or CRS self-certifications: banks, custodians, hedge funds, asset managers, insurance companies, accounts payable groups and more.
Why?Increased regulatory scrutiny and new, more complicated tax forms will expand the risks associated with inaccurate or inconsistent tax form validation.
How does it work?Open your browser, log into the TFV and answer a few questions. The TFV will provide your validation results.
No installation: web-based, user-friendly application• Getting started is as simple as getting a login ID.
• Straightforward design can reduce the amount of staff and training required for form validation while increasing efficiency in your process.
• Training and support are available to get teams up and running or may be augmented as needed.
Rapidly configurable• Language can be tailored to reflect enterprise-specific resources like system
names or internal processes.
Centrally controlled• Customizations and updates are centrally managed by EY, and are promptly
available to validation resources.
Comprehensive audit trail• Validation results and form customizations are stored indefinitely alongside the
relevant user name.
• Reports can be exported to interface with existing MI systems.
Tax Form Validator (TFV) can streamline the tax form validation process for IRS Tax Forms W-8 and W-9, and for self-certifications collected for CRS.
Why EY?With over 1,200 resources focused on the Foreign Account Tax Compliance Act, EY has a deep understanding of the problems that firms face validating IRS Forms W-8 and W-9 and CRS self-certifications, and deep experience with interpreting, mechanizing and remediating the processes around these tax forms.
Tax Form Validator (TFV)
Key featuresUnlimited usersAdding new users is straightforward and does not create an additional cost. Analysts and managers can be grouped for more streamlined management reporting.
Pop-up help to add descriptions to checklist questionsTool tips can clarify questions or direct you to sources for additional information.
Detailed reportingAll validation data within the tool is exportable for reporting and data mining, including every form validated, its validation result (e.g., valid/invalid/valid without treaty benefits), the name of the user who performed the validation, the answer to every question, and any associated reasons for failure of the form or denial of treaty benefits.
Data privacyThe TFV was built with data privacy in mind. As a job aid to a tax operations user validating US tax forms and CRS self-certifications, the TFV presents a series of questions that are answered without entering any client-specific information.
Managers
AnalystsAnalysts
4. Is the account for an entity, and not for an individual?
5. Does the address match the entity’s country of incorporation?
6. Do all addresses on the form include street number and name?
Personally identifiable information Anonymous information
Tax form Tax ops user Validator.ey.com Tax Form Validator
As the user reviews the form, he or she will refer to the information on the form, but will not enter it into the TFV.
The TFV does not require any demographic or otherwise sensitive information about the client or the form to validate it.
Review the entity’s certificate of incorporation
Ernst & Young LLP key contactsTerence Cardew [email protected] +1 212 773 3628
Justin O’Brien [email protected] +1 212 773 4767
Maria Murphy [email protected] +1 202 327 6059
Douglas Sawyer [email protected] +1 212 773 8707
David Jensen [email protected] +1 212 773 5370
Neil Bromberg [email protected] +1 212 773 9011
Deborah Pflieger [email protected] +1 202 327 5791
Timothy Morin [email protected] +1 720 931 4488
Jim Kickham [email protected] +1 212 773 7032
Shahriq Sheikh [email protected] +1 212 542 0683
Raunak Kumar [email protected] +1 212 773 9430
EY | Assurance | Tax | Transactions | Advisory
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