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TIN SOLICITATION - NO AUDIT BEST PRACTICES FOR TAX PREPARERS, ACCOUNTANTS, CPAs

3.8 (13)

Nicholas Preusch

YHB | CPAs & Consultants

Tuesday, February 11, 2020 | 10:00 AM EDT

1 Credit

$10

Subject Area

Taxes

Upcoming Webinars

Course Description

If you've heard that the IRS budget is likely to be cut and think that means good news for your organization when it comes to audits, think again. The indications are that enforcement in relation to information reporting errors will be up. This is nothing to worry about as long as your organization is doing what it is supposed to be doing when it comes to reporting income paid on Forms 1099. Now, more than ever it is important that you utilize best practices with regards to collecting and reporting taxpayer identification numbers and income as required. In this newly-created program you will learn exactly what you should be doing to comply with IRS regulations.Now, more than ever it is important that you utilize best practices with regards to collecting and reporting taxpayer identification numbers and income as required.

This IRS regulatory compliance webinar will explain the Best TIN Solicitation Practices. While TIN solicitation might sound too lascivious for the legitimate business world, it is critical that every organization take this task seriously. Non-compliance with IRS regulations in this area presents significant risks to organizations. So for those who don't wish to attend, a very uncomfortable and costly audit with the IRS is likely to ensue.

Learning Objectives

  • Identify all required TIN information you need to collect
  • Describe how to design a best-practice TIN solicitation process
  • Recognize outdated TIN collection practices
  • Determine who should sign up for IRS TIN Matching in your organization
  • Discuss how to incorporate appropriate TIN solicitation practices into your new vendor operations

Who Should Attend?

  • Accounting Firm
  • Auditors
  • CFO/Controller
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Others
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Pros
  • VP Accounts

Testimonial

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