Understand the basic format of how to complete the W-9 form, create an account with the IRS, and submit a TIN match.
All companies that utilize contractors must report payments of more than $600 on Form 1099, NEC, MISC, or many other types of forms and many different types of payments. Sometimes the information gathered at the time of the payment is incorrect or incomplete; this causes an issue with the IRS when trying to report income at the end of the year. By applying sound W-9 solicitation protocols, you can eliminate most of the issues with missing information. Creating a policy with strict adherence will benefit both the company and the contractor so that you can keep everyone out of conflict with the IRS. The IRS has also provided a tool that can be used to help in TIN/Name verification. By verifying the data provided by the contractors using the IRS database, you can catch and eliminate human errors such as transpositions. By the end of this course, you will understand the basic format of completing the W-9 form, creating an account with the IRS, and submitting a TIN match. This course will cover what to do if you receive either a CP2100 form or a 972CG Notice from the IRS.
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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
W-9
- Name
- Business Type
- SSN vs. EIN
TIN Matching
- IRS E-Services Program
- How It Works
- Understanding TIN Matching Results
- What to Do With the Information Received
W-9 Solicitations
- Initial
- 1st Annual
- 2nd Annual
CP2100 and CP2100A
- What Is It? (It's a Gift)
- How to Respond
- Incorrect vs. Missing TINs
972CG Notice of Potential Penalty
- Don't Be Afraid
- How to Respond
- Documentation Is Your Friend
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Credit
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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 revised on November 2, 2022.
Call 1-866-352-9540 for further credit information.
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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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
Laura Cunningham
1099 Express
- Operations manager, print & mail & W-9 solicitation manager, penalty abatement specialist at 1099Express.com, Inc.
- Executive assistant and legal assistant to various organizations
- Over 20 years of experience in senior management of business operations, specializing in customer service excellence
- A.S. degree in accounting
- Can be contacted at [email protected] or 361-884-1500
Joni Kessler
1099 Express
- Human Resources manager and CSR manager at 1099Express.com, Inc. and TIN Matching supervisor and CSR manager at Wagefiling.com
- 5 years of processing TIN Matching requests and advising clients regarding TIN Matching best practices
- Over 30 years of senior management in business operations and conflict resolution
- B.S. degree in business administration, specializing in human resources management
- Can be contacted at [email protected] or 361-884-1500
Paul Manigrasso, JD, CPA
Manigrasso Law Firm, PLLC
Paul Lawrence Manigrasso
- Attorney and CPA, the Manigrasso Law Firm, PLLC
- Focuses on tax controversy, business contracts, business litigation, criminal defense, and military law
- Adjunct professor, Texas A&M University School of Law teaching Accounting for Lawyers
- Admitted to practice before the Supreme Court of Texas, all Texas Courts, the United States Supreme Court, Tax Court, Court of International Trade, Court of Appeals for the Armed Forces, Navy/Marine Corps Court of Criminal Appeals, Court of Appeals for the Fifth Circuit, all Federal Districts in Texas, United States Immigration Court, and the Board of Immigration Appeals
- J.D. degree, Texas A&M University School of Law; B.B.A. degree in accounting, The University of Texas at San Antonio
- Can be contacted at [email protected] or 817-800-5662
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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.
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