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B-Notice Best Practices: Handling, Processing and Filing Procedures


Course Description:

Why is it more important than ever for you to reduce your exposure for B-Notice and improve your methods of communications with payees? 

The IRS has proposed that all filers be required to report services issued to corporations and significantly increase the penalty amounts across the board by double or more

So, what does that mean for you?  Corporate reporting alone will escalate the number of B-Notices received and proportionately the penalties will increase.

Yet, B-Notice processing doesn’t have to be as complicated as you may think. Let CCM and IRSCompliance guide you through the process to ensure every B-Notice is processed accurately, and within the time constraints allowed.

In this information-packed program, you’ll get step-by-step guidance to help you:

  • Identify the accounts subject to the B-Notice,
  • Effectively review the Form W-9 response, and
  • Track the backup withholding status of payees who fail to respond.

During this interactive session, you’ll also learn how to:

  • Correctly handle, process, and file the B-Notice
  • Determine which payees who appear on the notice need not be contacted
  • Identify the deadlines for processing the notice
  • Determine how many times within a three year period a payee has appeared on a notice
  • React when a payee does not respond to your B-Notice solicitations
  • Respond to an IRS 972CG Penalty Notice and avoid paying the penalties
  • Use your B Notice processing procedures to get the IRS to waive the penalties
  • Eliminateor reduceB-Noticesand penalty notices in the future

Featured Faculty:

Lynda Foertschbeck, EVP, IRSCompliance, Inc.

Lynda Foertschbeck, of IRSCompliance, Inc, has more than 25 years experience as a tax compliance professional in the development of compliance solutions of regulatory consulting services and tax software applications. Prior to joining IRSCompliance Lynda served as Manager in the Tax Controversy Unit at Deloitte Tax, as Vice President and Compliance Product Manager at DISC, Incorporated (now CheckFree) and Director of Compliance Services for Moore, BCS.

Ms. Foertschbeck’ experience includes the development and enhancement of many proven tax software and service solutions for 1099, W2, 1042S processing and reporting to the IRS, SSA and state agencies. This includes products from: 1099PRO, Convey, FASTTAX, ATSG Inc., MOORE BCS, and CheckFree. Specific areas of contribution have included the direction and development of information reporting products and service lines, regulatory compliance support services and strategic business needs analysis.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Item
CCM Preferred Customer Price
CD and Event Materials
$269.00

Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

CEU:

Each CCM event presents a variety of information and is presented for each organization to develop its own approach and methodology.

Featured Faculty

Money-Back Guarantee

Pricing

CEUs

 

 

 

 

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