Training Doyens

OVERVIEW For many years, the IRS has placed the burden on businesses, non-profits 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. WHY SHOULD YOU ATTEND How do you know your vendor’s W-9’s are correct? What are the consequences of filing incorrect name and ID numbers on their 1099’s? You can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your 1099’s contain...

Businesses need to report information about taxable payments they make to their vendors and customers and it’s important to do it in a way that reduces the risk of warning letters and penalty notices. Our upcoming webinar discusses how to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your 1099 forms contain accurate information that will agree with the IRS’s records.  The webinar covers the following key areas: ·          What are the benefits of the TIN Matching System? ·          What are the best practices for managing 1099 reporting requirements? ·          How does IRS TIN Matching system impact the fight to reduce proposed penalties? LEARNING OBJECTIVES Learn the best practices for eliminating 1099 error notices from the IRS. Discover the ...

OVERVIEW For many years, the IRS has placed the burden on businesses, non-profits 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. WHY SHOULD YOU ATTEND How do you know your vendor’s W-9’s are correct? What are the consequences of filing incorrect name and ID numbers on their 1099’s? You can begin to develop a solid plan to move your company toward near absolute regulatory compliance, efficiency improvements, standardized processes, & adequate documentation to ensure your 1099’s conta...

For years the IRS has struggled with the independent contractor and tax collection issues, and organizations need a refined approach to IRS information reporting for maintaining compliance with regulations. Our upcoming webinar discusses the rules for W-9 documentation and 1099 reporting and techniques to keep your company in compliance. The webinar covers the following key areas: ·          How to test the accuracy of the W-9 information with the IRS’s records – for free! ·          Form 1099-Misc – guidelines for proper use and classification of diverse payments on this form ·          The government wants to remove the exemptions – what this means to you LEARNING OBJECTIVES Learn the rules for W-9 documentation and 1099 reporting. Learn how to establish the independent contractor relationship with the right documentation. Understand the rules and...

OVERVIEW What are the rules regarding paying and IRS information reporting on Independent Contractors ? How do I avoid the IRS CP-2100 (B-Notices)? What if my vendor claims exemption; must I obtain W-9 forms anyway? What are the IRS best practices? How can I minimize risk of improper exemption claims by my vendors? Get the answers to these and related questions to reduce your risk of huge penalties from the IRS. WHY SHOULD YOU ATTEND For years the IRS has struggled with the independent contractor and tax collection issues. In assessing opportunities to close the tax gap (taxes due but not reported or paid), one of the greatest opportunities comes from expanding the information reporting on taxpayers by payers – the 1099 reporting. This time IRS information reporting can be streamlined in a number of ways. Join us to learn more. AREAS COVERED Starter Question: How can we best set up an independent contractor in our vendor payment system ...

IRS has introduced an “e-services” portal to help us ensure the names and tax identification numbers provided to us by our payees match their records. Our upcoming webinar discusses the power of the  IRS TIN Matchingsystem and how this system can reduce the risk of warning letters and penalty notices. The webinar covers the following key areas: ·          What are the benefits of the IRS TIN Matching System? ·          What are the best practices for managing 1099 reporting requirements? ·          How to deal with vendors who report incorrect information on their W-4’s? LEARNING OBJECTIVES Learn the best practices for eliminating 1099 error notices from the IRS. Discover the power of the IRS TIN Matching system. Discover the smoothest way to register to use the two step verification process introduced 12/10/17. Learn how to hand...