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What is a STD 204?

The purpose of the STD. 204 form is to obtain payee information for income tax reporting and to ensure tax compliance with federal and state law. The STD. 204 is required for any non-governmental entity or individual entering into a transaction that may lead to a payment from the state.

What is a payee data record form?

Both state and federal laws require that all reportable payments be identified and reported in the Payee Data Record (STD. 204) form. This includes any state department that participates in a transaction resulting in a payment to any individual or entity that is not a governmental entity.

What is a vendor data form?

Reportable Vendors State & Federal Withholding/Non-Resident Aliens. The Vendor Data Record form is required to process payment by determining the tax status for reportable income and State and Federal withholding.