TIN Matching & B Notices - How to minimize the paperwork from complaints on IRS information returns

Описание: Join us for this 90 minute class by GRCTS on the 28th of March at 12 PM Eastern Time. Opt for a Recording. if you are unable to attend Live.

Sign Up for this upcoming class Here - https://www.grcts.com/TIN-Matching-BN...

You can contact us here - www.grcts.com | [email protected] | +1 248 233 2049

Topic Description:

This webinar will help you reduce the risk of being out of compliance with your Form 1099 reporting requirements with the Internal Revenue Service. This session will discuss registration with the IRS, methods to perform electronic Name/Taxpayer Identification Number matching, protocols for handling CP-2100 notification from the IRS regarding Name/TIN mismatches on your forms 1099, 1098. It will help you understand the differences between and 1st and 2nd B-Notice and the related differences in required vendor responses. We prepare Forms 1099 and send them into the IRS. Later in the year the IRS mails us a “B” Notice, Backup Withholding Notice, Form 2100 or 2100A. Would you like to avoid receiving “B” Notices from the IRS? If yes, one of the best ways is to use the IRS e-services Taxpayer Identification Number matching program.

Areas to be Covered:

Starter question: what is TIN Matching?
Who must request access to the TIN Match system?
How do we register to use the system?
How does the TIN Match system work?
What are the best practices for managing 1099 reporting requirements?
How do I deal with vendors who report incorrect information on their W-4’s?
B-Notices: when I receive a letter from the IRS stating I have incorrect names/TINS on my 1099’s, what must I do and what about the deadlines?
What if I receive a Notice of Proposed Penalty?
Learn IRS 1099 matching process and avoid most common matching mistakes
Advantages of IRS e-services TIN Matching Program
What is a “B” Notice and What causes “B” notices
Steps to take to avoid “B” Notices and Steps to take after receiving a “B” Notice
What is a Backup Withholding Notice