Customer TIN Matching and B Notices: Best Practices to Minimize Errors on IRS Form 1099 Information Returns

Duration: 90 minutes

Speaker: Miles Hutchinson

 

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Webinar Description

Filing a Form 1099 for your customers that contains wrong information wastes your time and could cost your bank money. How do you know your customer's W-9s are correct? What are the consequences of filing incorrect name and ID numbers in your 1099s? With the use of TIN Matching, you can move your institution toward full Form 1099 compliance, improve efficiency, standardize processes, and compile adequate documentation to ensure your 1099s contain accurate information that will agree with the IRS's records. You will all but eliminate your B-Notices from the IRS! 

 

Discover the power of the TIN Matching system. Learn how to handle the CP-2100 notices from the IRS and avoid the fines and penalties for failure to comply in a timely manner with the B-Notice requirements. Understand the difference between the 1st and 2nd B-Notice and the related differences in required customer responses. Be sure you institute and stop Backup Withholding when required.

 

Experienced CGMA and businessman Miles Hutchinson will explain the best practices to help you ensure your W-9 information matches that of the IRS-before the 1099s go out-even before making the first payment to a new customer. He will show you how to handle most efficiently the few B-Notices that might sneak through and help ensure that your institution never has to pay a penalty for failure to comply with these burdensome regulatory requirements.

 

Agenda

 

CONTINUING EDUCATION

Continuing HRCI Credit Information

This program has been pre-approved for 1.5 hours of General recertification credit hours through the HR Certification Institute. Use of the seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.

 

Continuing Legal Education Credit Information

This webinar has been approved in the following states for continuing legal education credit by  The Marino Legal Academy:

California: 1.5 credit hours

The Marino Institute for Continuing Legal Education is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 credit hours of participatory CLE credit.

New Jersey: 1.5 credit hours

This webinar has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.5 CLE credit hours.

New York: 1.5 areas of professional practice credit hours

This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for veteran attorneys for 1.5 credit hours, of which 1.50 credit hours may be applied toward the Areas of Professional Practice.

Pennsylvania: 1.5 credit hours

This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.

 

To receive CLE credit for this webinar in those states, please request such credit by writing toinfo@parkavenuepresentations.com.  Your request will be forwarded to The Marino Legal Academy for processing.

 

CLE credit for this webinar may also be awarded in a number of other jurisdictions. For more information, please contact a Marino Legal Academy legal education consultant at (212) 249-3779,x104.

 

Logistics

This event will be presented live with a PowerPoint presentation to be viewed on your computer. You may listen to the audio of the webinar by telephone or through your computer. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.