Gain the tools to make you the most effective information return manager your company has ever seen.
For many years, the IRS has placed the burden on businesses, nonprofits and not-for-profits as well as all levels of government to report information about taxable payments they make to their vendors and customers. In order to more accurately match our information reporting to taxpayer's tax returns they have introduced an e-services portal to help us ensure the names and tax identification numbers provided to us by our payees match their records. When used properly, this system can reduce the risk of warning letters (CP-2100s/B-Notices) and penalty notices (972-CGs) from the IRS. Learn the best practices for eliminating 1099 error notices from the IRS. Discover the power of the TIN Matching system and the smoothest way to register to use the two step verification process introduced 12/10/17. Learn how to handle the CP-2100 notices from Uncle Sam and avoid the fines and 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.
Learning Objectives
- You will be able to identify deadlines and due dates for IRS forms related to the Taxpayers Identification Number (TIN).
- You will be able to recognize the requirments and procedures related to B-Notices.
- You will be able to identify the Best Practices regarding processes with the Form W-9.
- You will be able to differentiate the rules and regulations regarding Penalties.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
What Is TIN Matching
Benefits of the TIN Matching System
Who Must Request Access to the TIN Match System
How Do We Register to Use the System
- 2-Step Verification System Introduced 12/10/17
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
How Do We Negotiate a Reduction or Eliminate the Penalty
How Do We Leverage the Reasonable Cause Regulations
How Does TIN Matching Impact the Fight to Reduce Proposed Penalties
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on December 7, 2023.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 2.2 including Taxes 2.2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Miles Hutchinson, CPA, CGMA
Learn Continuously, LLC
- President of Sales Tax Advisors, Inc., a research, consulting, training and advisory firm specializing in multi-state sales and use tax compliance and Learn Continuously, LLC, a public training firm providing continuing business education
- Certified public accountant for over 30 years amassing a multi-disciplined approach to business leadership, advice and consultancy
- Designed and delivered over 2,500 business application and professional training sessions
- Designed, developed, implemented and monitored complete business systems documentation for a national real estate development and management company
- accomplished businessman, business adviser and public speaker specializing in finance, accounting and taxation for the nonfinancial executive and the accountant alike
- Author and Publisher: POLYPROC: Accounting Policies and Procedures Software to comply with Sarbanes-Oxley using the COSO and COBiT frameworks
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
