A code that designates the type of taxpayer. For 1099 reporting for U.S. suppliers and foreign suppliers, the system chooses only records with a code of P or N.
Valid values for U.S. entities are:
Blank or C
Corporate entity (the Tax ID prints as 12-3456789)
P
Individual (the Tax ID prints as 123-45-6789)
N
Noncorporate entity (the Tax ID prints as 12-3456789)
Valid values for non-U.S. entities are:
1
Individual
2
Corporate entity
3
Both an individual and a corporate entity
4
Noncorporate entity
5
Customs authority