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.
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 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 1099s contain accurate information that will agree with the IRS's records. You will all but eliminate your B-Notices from the IRS!
What you'll learn?
- Starter Question: What is TIN Matching?
- Applying for access to the TIN Match system - the required information will surprise you
- How to use the TIN Match system - Interactive and Bulk upload sessions and protocols
- How to register to use the system
- How the TIN Match system works
- Best practices for managing 1099 reporting requirements
- How to deal with vendors who report incorrect information on their W-4s
- B-Notices: upon receipt of a letter from the IRS stating I have incorrect names/TINS on my 1099s, what must I do, and what about the deadlines?
- How to handle a Notice of Proposed Penalty
Who Should Attend?
Bookkeepers & Accountants & Tax Preparers California Registered Tax Professional Certified Public Accountant (CPA) CPA (Industry) CPA - Large Firm CPA - Mid Size Firm CPA - Small Firm Maryland Tax Preparers Oregon Tax Preparers Tax Accountant (Industry) Tax Attorney Tax Firm Tax Professionals Young CPA
Credits and Other information:
- Recommended CPE credit – 2.0 Tax Hours
- Recommended field of study – Tax
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- NASBA Sponsor: 138804
- IRS Course ID: DFFSC
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Pioneer Educator is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.