TIN Matching to Reduce Your B-Notices & Eliminate Proposed Penalties (Currently Unavailable)

Author: Miles Hutchinson

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

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None