Webinar Information


TIN Matching, B Notices and Backup Withholding: Best Practices for Form 1099 Compliance


TIN Matching, B Notices and Backup Withholding: Best Practices for Form 1099 Compliance, Aurora, Colorado, United States
Webinar Title
TIN Matching, B Notices and Backup Withholding: Best Practices for Form 1099 Compliance
Event Type
Webinar
Webinar Date
12-09-2019
Last Date for Applying
12-09-2019
Location
Aurora, Colorado, United States

Publish / Maintain / Marketing / Hosted By
Organization Name / Organize By
Training Doyens
Organizing/Related Departments
Cross Industry
Organization Type
Organization/Company
Webinar Category
Both (Technical & Non Technical)
Webinar Level
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Business Development

Finance

Administration/Management

Accounting/Financial/Banking/Insurance

Location
Aurora, Colorado, United States

OVERVIEW

Issuers of 1099 Forms can adopt best practices and procedures that streamline the year end process and provide assurance that 1099s are correct, at least so far as vendor names and TINs are concerned. While certain errors in reporting dollar amounts are considered “inconsequential” under new de minimis error rules, errors in the payee name or TIN are never considered inconsequential and can result in penalties.

Best practices to avoid errors and penalties include TIN solicitation, TIN verification, timely and appropriate response to IRS notices including issuing and follow up on B-Notices to payees, and procedures to implement and discontinue backup withholding as required.

The webinar will discuss the solicitation process including solicitation using and analyzing Form W-9, annual solicitations, backup withholding B-notice and solicitations in response to IRS notices, and what to do when the vendor does not provide a TIN or provides an incorrect TIN.

It will cover how to register to use the IRS TIN verification service, how the IRS TIN matching system matches names and numbers and how this can help in preparing submissions to prevent false positive or negative responses from the system. It will cover how to submit TINs for verification and what to do when the system indicates a mismatch between the name and number of the vendor.

Procedures related to IRS notification of a name number mismatch or propose penalties for incorrect information returns are also covered including procedures the payer must follow in issuing B-Notices to payees.

The session will discuss establishment of procedures for proper administration of federal backup withholding.

WHY SHOULD YOU ATTEND

Year end is a busy time for Accounts Payable. With the acceleration of the due date for certain 1099 Forms and the increased penalties, it is more important than ever to prepare information returns correctly and file them on time. Preparation well in advance of the filing season is critical.

Establishment and implementation of procedures that provide for TIN solicitation, TIN verification, response to IRS notices and 1099backup withholding are keys to efficient processing, avoiding errors or missing information, and establishing reasonable cause for penalty avoidance when errors occur.

This webinar discusses how to establish procedures and best practices, including name/TIN verification, that avoid situations that can lead to penalties or, when such situations occur, establish the reasonable cause defense that allows you to avoid the penalty.

AREAS COVERED

  • Reminders, backup withholding rate 2019 and what’s new
  • IRS TIN matching system
  • Penalties
  • Establishing reasonable cause
  • Solicitations
  • TIN verification
  • Notices
  • Federal Backup withholding

Use Promo Code MKT10N and get flat 10% discount on all purchases

To Register (or) for more details please click on this below link:

http://bit.ly/2Z5kREO

Email: [email protected]

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

Others Details

Learn about TIN Compliance and best practices to avoid fines and penalties. The webinar discusses backup withholding B notice, 1099 forms, IRS TIN matching system, TIN Verification, backup withholding rate 2019 and more.

Registration Fees
Available
Registration Fees Details
Live Session for one participant $159 Corporate Live Session Group – Max 10 Participants from one location. $449 Recorded Session Get unlimited access to the link for six months $199 Training DVD or USB Flash Drive MP3 files, PDF presentation and reference manual will be delivered on a CD $379 Super Combo Offer 1 Live and Recorded webinar $289 Super Combo Offer 2 Live and Training CD $429
Registration Ways
Email
Phone
Website
Other
Address/Venue
Training Doyens 26468 E Walker Dr, Aurora, Colorado 80016  Pin/Zip Code : 80016
Landmark
Colorado
Official Email ID
Contact
Training Doyens

Training Doyens 26468 E Walker Dr, Aurora, Colorado 80016

[email protected]

   +1-720-996-1616    Fax No: 80016