TIN Matching to Reduce Your B-Notices and Eliminate Proposed Penalties

Key Take Away

Join us for this content-rich session and you will gain the tools to make you the most effective information return manager your company has ever seen.

Overview

Attend this IRS compliance training and –

• Learn the best practices for eliminating 1099 error notices from the IRS.
• Discover the power of the TIN Matching system.
• Understand the difference between and 1st and 2nd B-Notice and the related differences in required vendor responses.

Why Should You Attend

How do you know your vendor’s W-9’s are correct? What are the consequences of filing incorrect name and ID numbers on their 1099’s? In just 90 minutes, you can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your 1099’s contain accurate information that will agree with the IRS’s records. You will all but eliminate your B-Notices from the IRS!

Areas Covered In This Webinar

Do you know the answers to these questions?

• Starter question: What is TIN Matching?
• Who must request access to the TIN Matching system?
• How do we register to use the system?
• Once registered, how does the TIN Match system work?
• What are the best practices for managing 1099 reporting requirements?
• How do we address vendors/payees who report incorrect information on their W-4’s?
• B-Notices: when I receive a letter from the IRS stating I have incorrect names/TINS on my 1099s, what actions must I take and how soon?
• What if I receive a Notice of Proposed Penalty?
• What are the Reasonable Cause provisions and how do I apply them to a penalty notice?

Learning Objectives

• Learn how to handle the CP-2100 notices from Uncle Sam and avoid the fines & penalties for failure to timely comply with the B-Notice requirements.
• Be sure you institute and stop Backup Withholding when required.

Who Will Benefit

• CFOs
• Controllers
• Compliance Managers
• Compliance Officers
• Accounting Managers
• Information Reporting Officers
• Tax Managers
• Bank Managers
• Internal Auditors

Email: [email protected]

Toll Free: +1- 844-414-1400

Tel: +1-516-900-5509

Fax: +1-516-300-1584

Others Details

In this IRS compliance training, you will learn to ensure your 1099’s contain accurate information that will agree with the IRS’s records. Book now!