Changes made to forms W-8 and W-9 are now in effect and companies need to comply to avoid costly penalties. Form W-9s have new rules impacting the collection and validation of TIN's from certain payees. And, all W-8s have been revamped with important changes regarding documenting and validating payments of U.S. sourced income made to Non-Resident Alien payees.
These changes mean AP departments need to update their practices to stay compliant in 2018. Join us for expert guidance on what's required now. In this 60-minute program you and your team will learn:
Comprehensive overview of form changes and updates
Keys to regulating accurate withholding for payments
How to validate each form to ensure correct information
Essential Substitute Form guidelines to keep you compliant
Bonus: Name/TIN charts to identify which TIN is needed for each of your unique entity payees
Form W-9 Changes: New IRS Standards and Requirements
How to accurately acquire information from payees
When you need and do not need to collect a Form W-9
Work effectively with vendors: Techniques for success
Form W-8 Updates: What the IRS Expects You to Know for 2018
When to use each form W-8: Cases to consider
How the changes can affect your business in the new year
Data points to capture from Forms W-8: Ensure compliance
Best Practices for Accurate Completion and Use of Forms W-8 & W-9
Make a smooth transition from due diligence to reporting
Form W-8 & W-9 red flags: Spot them before it's too late
Keys to effectively validate and review your forms for errors
Live Question & Answer Session - Have your questions answered by the expert!
About The Speaker
Steven Mercatante is the principal and founder of TIR Consulting, LLC. He is a nationally recognized leader in tax reporting education and consulting on specialized compliance issues.
He has conducted on-site consultation for corporate clients from across the world and led countless seminars and webinars.
He is also a published author, with numerous articles published on tax and financial law, and he has authored and published a series of tax guides on topics such as: W-9/1099 & W-8/1042-S compliance and reporting, payment cards, U.S. State & Local Reporting, worker compensation issues, international tax compliance, and more.
Join us for this 60-minute webinar to discover how to stay compliant with IRS forms W-8 and W-9 and best practices to apply in your day-to-day accounts payable and business procedures.