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New application for TCC code
February 21, 2023
Q. For the new TCC code application, does an individual need to be an officer of the company to be set up as a responsible official? I am the first point of contact and file all 1099/1042s for our business, but was unsure if I still qualified by the IRS as having "authority for the business entity."
A.
(Answered by IOFM's third-party tax experts)
No, an individual doesn't need to be an officer of the company in order to be a "Responsible Individual" for IRS e-services. "Responsible Individual"…
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