What is a Payee Data Record (STD. 204) and why must the payee complete it before the State can make a disbursement?
A Payee Data Record (STD. 204) is a form the State requires of any non-governmental entity entering into a business transaction that may lead to a payment from the State. If a payment is reportable to the Internal Revenue Service and/or the Franchise Tax Board, the State prepares an information return for the Taxpayer Identification Number (TIN) provided by the payee on the STD. 204. The TIN for an individual or a sole proprietor is his/her Social Security Number. (Internal Revenue Code Section 6109(a); Revenue and Taxation Code Section 18646; SAM Section 8422.19 et seq.
A Payee Data Record (STD. 204) is a form the State requires of any non-governmental entity entering into a business transaction that may lead to a payment from the State. If a payment is reportable to the Internal Revenue Service and/or the Franchise Tax Board, the State prepares an information return for the Taxpayer Identification Number (TIN) provided by the payee on the STD. 204. The TIN for an individual or a sole proprietor is his/her Social Security Number.
