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 ...

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’...

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...

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, B-notices and solicitations in response to IRS notices, and what to do when the vendor does not provide a TIN or provides an incorrect TIN. It will cover how to register...

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 TINsolicitation, 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, B-notices and solicitations in response to IRS notices, and what to do when the vendor does not provide a TIN or provides an incorrect TIN.  It ...