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TIN Matching to Reduce Your B-Notices and Eliminate Proposed Penalties

  • AFSP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Prep.
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

Learn the best practices for eliminating 1099 error notices from the IRS.  Discover the power of the TIN Matching system.  Discover the smoothest way to register to use the two step verification process introduced 12/10/17.  Learn how to handle the CP-2100 notices from Uncle Sam and avoid the fines & penalties for failure to timely comply with the B-Notice requirements. Understand the difference between and 1st and 2nd B-Notice and the related differences in required vendor responses.  Be sure you institute and stop Backup Withholding when required. Join us for a content-rich 2-hours and you will gain the tools to make you the most effective information return manager your company has ever seen.

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? In just 120 minutes, 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’s contain accurate information that will agree with the IRS’s records.  You will all but eliminate your B-Notices from the IRS!

Learning Objectives

  • Starter Question: What is TIN Matching?
  • What are the benefits of the TIN Matching System?
  • Who must request access to the TIN Match system?
  • How do we register to use the system, including the 2-step verification system introduced 12/10/17?
  • 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? – 
  • How do we negotiate a reduction or eliminate the penalty?
  • How do we leverage the Reasonable Cause Regulations?
  • How does TIN Matching impact the fight to reduce proposed penalties?

Recommended For

  • In this IRS Approved CE course for AFSP, CPA (US), EA, CTEC, Tax Professionals, and Other Professionals desiring to have a comprehensive overview of W-2 and W-4 Updates and Best Practices.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Trust & Estate Tax Professional
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 2 CE Credit of Federal Tax Law Update for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0760)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit of Federal Tax Update for Enrolled Agents (EA) (Approval No. GEHNZ-U-00818-21-O)
  • 2 CE Credit for Maryland Tax Preparer (MRTP)
  • 2 CE Credit for Oregon Registered Tax Preparers (ORTP)

Presenter

About Presenter

Miles Hutchinson

Owner Learn Continuously, LLC

Miles Hutchinson is a CGMA and experienced businessman. 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 2,700 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.  He 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.salestaxadvisors.com.  His clients include, Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army.  Please visit his web sites to see how you can further benefit from his expertise.

About Company

Learn Continuously, LLC

www.learncontinuously.com

Learn Continuously, LLC creates and delivers comprehensive business training. We are a predominantly web based training host providing continuing education that is easy to use, interactive, interesting and cost effective. Learn Continuously focuses on advancing students in businesses, NGOs and government by offering a full complement of topics from leadership and communication skills, salesmanship, operations and management, to risk management and regulatory compliance. Our training philosophy supports participants who aspire to earn advancement in their organizations by growing their knowledge, passions and talents. Our methods include discussions of best practices and market trends, regulatory updates, product demonstrations, concept outlines, sample scripts, and references to tested and effective resources.

We apply high internal standards to bring you the most highly sought after experts who are also accomplished course leaders, develop outstanding training materials, and utilize state-of-the-art e-learning techniques and technologies to facilitate the exchange of ideas to assist our clients in achieving operational excellence. Our products and services may be customized to fit any industry, organization or market. Our formula assures we will ignite knowledge and experience into effective action.

Our mission is to empower professionals through effective online training sessions. Our world class training methodologies stem from a comprehensive understanding of learning needs from the individual to the global perspective. Our offerings will exceed expectations and provide an exceptional return on your investment.


Faq

FAQs content

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TIN Matching to Reduce Your B-Notices and Eliminate Proposed Penalties

$20

2 Credits

Subject Area

Taxes