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

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.

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

Speaker and Presenter Information

Experienced CGMA and businessman Miles Hutchinson will explain the best practices to help you ensure your W-9 information matches that of the IRS – before the 1099’s go out – even before making the first payment to a new vendor.

He will show you how to handle the remaining B-Notices that sneak through in the most efficient manner and help ensure your company never has to pay a penalty for failure to comply with these burdensome regulatory requirements.