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

Author: Miles Hutchinson

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Learn the best practices for eliminating 1099 error notices from the IRS. Discover the power of the TIN Matching system. 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.

Understand the difference between and 1st and 2nd B-Notice and the related differences in required vendor responses. Be sure you institute and stop Backup Withholding when required. Join us for a content-rich 90-minutes and you will gain the tools to make you the most effective information return manager your company has ever seen.

Publication Date: May 2016

Designed For
CFOs, Controllers, Compliance Managers, Accounting Managers, Accounts Payable Managers. Any institution that makes reports on forms 1099-INT, 1099-B, 199-DIV, 1099-PATR, & 1099-MISC

Topics Covered

  • What is TIN Matching?
  • Who must request access to the TIN Match system?
  • How do we register to use the system?
  • How does the TIN Match system work?
  • What are the best practices for managing 1099 reporting requirements?
  • How do I deal with vendors 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 1099's, what must I do and what about the deadlines?
  • What if I receive a Notice of Proposed Penalty?

Learning Objectives

  • Recognize the consequences of filing incorrectly
  • Formulate a solid plan to assure that your company is compliant, improve efficiently, standardize processes, and have adequate documentation to ensure your 1099s contains accurate information.

Level
Overview

Format
On-demand

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity

Fees
Regular Fee$49
Value Pass Fee$0

Add to Cart Email a Friend View More Self-Study Courses