Training Doyens

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 Issuers of 1099  Forms can adopt best practices and procedures that streamline the year end process and provide assurance that 1099s are correct, at least so far as vendor names and TINs are concerned. While certain errors in reporting dollar amounts are considered  “inconsequential”  under new de minimis error rules, errors in the payee name or TIN are never considered inconsequential and can result in penalties. Best practices to avoid errors and penalties include  TIN solicitation, TIN verification , timely and appropriate response to IRS notices including issuing and follow up on  B-Notices  to payees, and procedures to implement and discontinue backup withholding as required. The webinar will discuss the solicitation process including solicitation using and  analyzing Form W-9 , annual solicitations, backup withholding B-notice and solicitations in response to IRS notices, and what to do when the vendor does not provide a TIN ...

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...

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’...

With the acceleration of the due date for certain  1099 Forms and the increased penalties, it is more important than ever to prepare information returns correctly and file them on time. Our upcoming webinar discusses techniques for avoiding penalties and how to establish the reasonable cause defense that allows you to avoid the penalty when such situations occur. The webinar covers the following key areas: ·          Understand the importance of TIN solicitation ·          Know how and when to issue B-notices to vendors and what to do when the payee responds or fails to respond ·          Understand backup withholding, when to start it, when to stop it, and how to deposit and report it LEARNING OBJECTIVES Know how to register individuals to use the IRS TIN verification system and set up a company account. Know how to submit names and TIN...

OVERVIEW Issuers of 1099  Forms can adopt best practices and procedures that streamline the year end process and provide assurance that 1099s are correct, at least so far as vendor names and TINs are concerned. While certain errors in reporting dollar amounts are considered  “inconsequential”  under new de minimis error rules, errors in the payee name or TIN are never considered inconsequential and can result in penalties. Best practices to avoid errors and penalties include  TIN solicitation, TIN verification , timely and appropriate response to IRS notices including issuing and follow up on  B-Notices  to payees, and procedures to implement and discontinue backup withholding as required. The webinar will discuss the solicitation process including solicitation using and  analyzing Form W-9 , annual solicitations, backup withholding B-notice and solicitations in response to IRS notices, and what to do when the vendor does not provide a TIN or...