This IRS regulatory compliance training will explain the TIN matching system best practices to eliminate form 1099 reporting errors. It will also provide you the tools to effectively handle B- Notices in order to avoid fines and penalties.
Why Should You Attend:
How do you know your vendor’s W-9s are correct? What are the consequences of filing incorrect name and ID numbers on their 1099s?
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 and adequate documentation to ensure your 1099s contain accurate information that will agree with the IRS’s records. You will all but eliminate your B-Notices from the IRS!
This webinar highlights the opportunities to reduce the risk of being out of compliance with your Form 1099 reporting requirements with the Internal Revenue Service. This session will discuss registration with the IRS, the two methods you may use to perform electronic Name/Taxpayer Identification Number matching. It will also discuss best practices protocols for handling CP-2100 notification from the IRS regarding Name/TIN mismatches on your forms 1099, 1098, etc (commonly known as B-Notices). Understand the difference between and 1st and 2nd B-Notice and the related differences in required vendor responses.
Areas Covered in the Webinar:
Attend this webinar and you will learn the answers to all of these questions!
Who Will Benefit:
Duration: 90 Minutes
Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment
Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the chief financial officer of a $1 billion real estate development company. Mr. Hutchinson is a professional speaker and consultant who has presented over 2,000 seminars and training sessions on myriad business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll, and sales and use tax as well as financial modeling and analysis, business strategy and communications.
He is the author of several useful accounting and tax tools. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.