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TIN & B-Notice Changes: What's Required Now for 2018

Summary

Live

Thursday

May 3, 2018 at 1:00 PM (ET)

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$199.00

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The process for TIN verification has changed, and companies now have a two-step process to navigate. Any errors in the name and TIN matching process, or in the handling of B-notices can result in costly fines and penalties from the IRS. It is pertinent that AP departments are up-to-date with the latest requirements and new processes.

Join our 90-minute program to get a clear understanding of how to use IRS's new TIN Matching System and "e-service" portal. With the right practices, you can greatly improve the accuracy of information received from payees, significantly reducing errors in 1099s and reporting. You'll discover:

  • How to reduce the risk of IRS warning letters and penalty notices
  • The difference between 1st and 2nd B-notices, and the required responses
  • Smoothest way to register for the new two-step verification process
  • Strategies to eliminate errors on W-9s and prevent inaccurate 1099s

Program Highlights

  • New TIN Compliance & Processes: What You Need to Do Now

    • Comprehensive explanation of the new TIN Matching System
    • Understanding the two-step verification systems and its benefits
    • How to register to use the IRS "e-services" portal
    • Who must request access to the TIN Match system?
    • Best practices for managing 1099 reporting requirements
    • How the TIN Matching impacts the fight to reduce proposed penalties
  • Handling B-Notices & Errors: Keys to Avoiding Costly Penalties

    • Dealing with vendors who report incorrect W-4 information
    • What you need to do if you receive a B-notice from the IRS
    • How to effective respond to a Notice of Proposed Penalty
    • Strategies to negotiate a reduction or eliminate a penalty
    • How do you leverage the Reasonable Cause Regulations?

About The Speaker

Miles Hutchinson is a CGMA and experienced businessman. His experience includes:

  • He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company.
  • Miles is a professional speaker and consultant, who has presented over 2,200 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act.
  • Miles is recognized as an expert in payroll and sales & use tax, as well as financial modeling & analysis, business strategy and communications.
  • He is the author of several useful accounting and tax tools available at www.soxpolicies.com and www.salestaxadvisor.com. Please visit his websites to see how you can further benefit from his expertise.

Program Benefits

Discover best practices to help you ensure your W-9 information matches that of the IRS - before the 1099's go out. You'll learn how to handle the remaining B-Notices that sneak through in the most efficient manner, and ensure your company never has to pay a penalty for failure to comply with these burdensome regulatory requirements.


Prerequisites

  • None

Delivery Method

  • Group Internet Based

NASBA Field Of Study

  • Accounting - Finance

Program Level

  • Basic Knowledge Required