Form W-9, Request for Taxpayer Identification Number and Certification

Benefits

• Framework Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most Framework Skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Framework Skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
• The model automatically detects fields on IRS (Internal Revenue Service of US) W-9 forms dated December 1999 and later and extracts relevant data (taxpayer name and address, federal tax classification, TIN, SSN, EIN, requester's name and address etc.). For a full list of extracted fields, please see the skill documentation.
• This skill is capable of extracting data from both machine-printed forms and forms filled out in handwriting.
• Includes business rules for required fields. Further business rules can be added as required, for example to check the year for which the form was submitted, or to set a minimum threshold for income.
• Can be enhanced by adding human-in-the-loop review and verification step in the process, based on accuracy thresholds, missing or incorrect information.
• Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.
• Key fields: Name, Business Name, Federal Tax Classification, Exempt payee code, Exemption from FATCA Reporting Code, Social Security Number, Employer Identification Number, Date

Documentation

Form W-9 Document Skill Guide

Checklist for Financial services - 7 Document Skills