My payer flagged as a Fortune 5000 company. What should I do?

If your payer is flagged as a Fortune 5000 company, it means the business name you've entered matches one recognized as a well-established or publicly-renowned organization

Why this matters

Due to the size and visibility of these companies, the IRS applies additional validation checks to prevent unauthorized or inaccurate filings. A match to a Fortune 5000 name can trigger this review to ensure the filing is legitimate and the reported tax information is accurate.

How to resolve it:

To continue filing, you’ll need to:

• Update the payer information: If the payer name was entered incorrectly or matched in error, revise the details to reflect the correct entity.

OR

• Upload supporting documentation: If the details are correct and you’re authorized to file for this payer, submit proof to confirm your authorization and the accuracy of the amounts reported.

Acceptable documents

• CP595 notice – A letter from the IRS indicating the business’s tax status
• Proof of tax deposits – Documentation confirming that tax withholdings have been deposited with the IRS or applicable state agency

Providing the appropriate documentation helps confirm your authority to file and allows the return to move forward without delays.