Tax Form Validator (TFV) What is the TFV? The TFV is a web-based means of validating the Forms W-8 and W-9 you receive. Who needs it? Any company that receives US tax forms: banks, 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. Tax Form Validator (TFV) can streamline the tax form validation process for IRS Tax Forms W-8 and W-9 and their substitutes. Web-based and user-friendly, the TFV helps operations personnel efficiently validate forms based on up-to-date regulatory interpretation. With updates centrally managed by EY as the administrator, the TFV is easily re-configured for form and instruction changes and new regulations while being supported by the global tax capabilities of the entire EY organization. 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 tax 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. Why EY? With over 1,200 resources focused on the Foreign Account Tax Compliance Act, Ernst & Young LLP has a deep understanding of the problems that firms face validating Forms W-8 and W-9, and deep experience with interpreting, mechanizing and remediating the processes around these tax forms. Tax Form Validator (TFV) Key features Unlimited users Adding new users is straightforward and does not create an additional cost. Analysts and managers can be grouped for more streamlined management reporting. Managers Analysts Analysts Pop-up help to add descriptions to checklist questions Tool tips can clarify questions or direct you to sources for additional information. Review the entity’s certificate of incorporation Detailed reporting All 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. 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? Data privacy The TFV was built with data privacy in mind. As a job aid to a tax operations user validating tax forms, the TFV presents a series of questions that are answered without entering any client-specific information. Personally identifiable information Tax form Tax ops user 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. Anonymous information Validator.ey.com Tax Form Validator The TFV does not require any demographic or otherwise sensitive information about the client or the form to validate it. EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. © 2015 EYGM Limited. All Rights Reserved. EYG No. CK0895 BSC no. 1501-1383428 ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. 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