Are you feeling anxious as you await the arrival of your CP2100 Report from the IRS? 

The process of gathering and organizing the necessary documentation to demonstrate your compliance with W-9 submissions and 1099 corrections can be an overwhelming task. This is especially true given the constantly evolving rules and regulations, all while the specter of potential IRS fines looms overhead.

CP-2100 letters, sent by the IRS to your business, serve as notifications that there is a discrepancy between the social security number you reported on a 1099 form and the information held in the IRS database. This discrepancy usually pertains to a contractor's social security number. When your business receives such a letter, it triggers the need for immediate action in the form of a "B Notice" that must be sent to the affected party. Essentially, the CP-2100 is a communication from the IRS alerting you to discrepancies between the information on your Form 1099 and the IRS's records for the contractor's social security number.

Learning Objectives:

  • To know how to respond to CP -2100 letters that clients receive from the IRS.
  • To explain how to create B Notices the send to the appropriate party.
  • To guide clients through avoiding CP-2100 letters by collecting W-9 information from all contractors.
  • To determine the need for backup withholding for contractors.

Join this Course, we will discuss how you can take steps to avoid CP-2100 letters to begin with, through the IRS’s “TIN Matching” program and proper usage of the Form W-9. We’ll cover more about B Notices in this program, and cover backup withholding.

Key topics covered in this course:

  • CP-2100 Letters
  • Responding to CP-2100 Letters
  • Sending B Notices to Contractors
  • IRS TIN Matching
  • Backup Withholding
  • Form W-9
  • No SSN Provided
  • Filing Corrections

Who Should Attend?

Accountants, CPAs, Tax Preparers, Bookkeepers, Enrolled Agents, Office Managers, Small Business Owners, Entrepreneurs..etc.

Credits and Other information :

  • IRS CPE Credits: 1.0 TAX
  • Location: Virtual/Online
  • Delivery method: Group Internet Based
  • IRS Course ID: DFFSC
  • Attendance Requirement: Yes
  • Session Duration: 1 Hours
  • Case Studies and Live Q&A session with speaker
  • PowerPoint presentation for reference

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