TIN Matching B-Notes and Fighting Notices of Proposed Penalties
Date: Tuesday, June 3, 2025
Instructor: Miles Hutchinson
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Learn the best practices for eliminating 1099 error notices from the IRS. Discover the power of the TIN Matching system. Discover the smoothest way to register to use the two step verification process introduced 12/10/17. 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 2-hours and you will gain the tools to make you the most effective information return manager your company has ever seen.
Who Should Attend
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?
- What are the benefits of the TIN Matching System?
- Who must request access to the TIN Match system?
- How do we register to use the system, including the 2-step verification system introduced 12/10/17?
- 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?
- How do we negotiate a reduction or eliminate the penalty?
- How do we leverage the Reasonable Cause Regulations?
- How does TIN Matching impact the fight to reduce proposed penalties?
Learning Objectives
- Explain the TIN Matching System
- Understand the consequences of filing incorrect name and ID numbers on their 1099’s, etc
- Understand best pratices for 1099 reporting requirements
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
