TIN Matching to Reduce Penalty Assessments and B-Notices

recording TIN Matching to Reduce Penalty Assessments and B-Notices

You Will Learn:

  • How to ensure your organization’s compliance with documentation, reporting and withholding requirements
  • How to respond to the IRS to avoid penalties and how to prepare for B-notices
  • TIN matching basics and B-Notice processing rules
  • Deadlines and filing requirements for information returns
Access the pre-recorded audio conference
$269.00
 

Did you know the IRS has updated their TIN Matching process to require an exact match for entities?

They're also expected to lay the hammer on companies to obtain a TIN for every payment subject to 1099-MISC.  Plus, the IRS is expected to begin assessing automatic penalties for TIN mismatches!

What does this mean for you? Increased pressure on your vendors for TINs, and even requiring them in writing on a W-9 form.

To avoid costly penalties, you’ve got to get up to speed on recent regulatory changes and learn proper procedures for obtaining documents containing TIN/Name/Status information.

Learning Objectives

Experienced business consultant and tax reporting specialist, Steven D. Mercatante, Esq., will discuss best practices for preventing costly penalties, and how to safely manage requirements and procedures surrounding Form W-9 and TINs.

  • How to ensure your organization’s compliance with documentation, reporting and withholding requirements
  • How to respond to the IRS to avoid penalties and how to prepare for B-notices
  • The importance of payee TIN and name certification
  • TIN matching basics
  • B-Notice processing rules
  • Deadlines and filing requirements for information returns
  • Federal backup withholding and associated financial liability risks
  • What constitutes a solid Reasonable Cause History when requesting Penalty Abatement

 

 

Product ID: 13681

Learn How to Prevent Costly Fines and Reduce the Risk of Being Out of Compliance!

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Faculty

Steven D. Mercatante
Steven D. Mercatante
Esq., Principal and Founder, TIR Consulting

Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues. He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars for Convey Compliance Systems, IAPP, Balance Consulting, The Accounts Payable Network, and Accounts Payable Now and Tomorrow.

Learn How to Prevent Costly Fines and Reduce the Risk of Being Out of Compliance!

Order my recording now

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