A notice sent by the IRS which identifies shareowners whose name does not match the SSN/TIN on the agent’s records. The IRS regulations require the agent send the shareowner a W-9 and a letter explaining 1) why the shareowner is receiving the W-9 (name/TIN mismatch) and 2) if they do not return the W-9 within 30 business days, the agent is required to begin withholding tax at the required rate (currently 31%).
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West Coast Stock Transfer, Inc.
Full service transfer agency registered with the U.S. Securities and Exchange Commission