Description
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 notforprofits 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 eservices 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 (CP2100sBNotices) and penalty notices (972CGs) 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 121017. Learn how to handle the CP2100 notices from Uncle Sam and avoid the fines and penalties for failure to timely comply with the BNotice requirements. Understand the difference between and 1st and 2nd BNotice and the related differences in required vendor responses. Be sure you institute and stop backup withholding when required.
Date: 2019-06-05 Start Time: End Time:
Learning Objectives